How to Apply for a N.A.T.I.V.E. Project Micro Loan

At right (from left): Fashion designer Jolonzo Guy-Goldtooth with his grandmother;
Goldtooth’s designs at PLITZS New York Fashion Week in February, 2015.
Below: view of sunset from artist studio in Hopi lands;
Bottom: Latex cast

The N.A.T.I.V.E. Project Micro Loan Program provides financial and non-financial services to low income artists, artisans and cultural entrepreneurs, particularly those engaged in innovative approaches. The purpose of the loans is to establish financial independence for individual entrepreneurs, and for a community to reap the benefits as well.

Please read the below carefully before submitting your application.

Requirements

  1. 2015-03-20 20.00.48Tribal Enrollment. The borrower must be an enrolled Native American.
  2. Arts. Artists, artisans, and cultural entrepreneurs are welcome to apply.
  3. Low Income Start Ups and Crossroads. Low income start ups or businesses at a crossroads of opportunity, particularly in the Shiprock region, are our priority target groups in assessing and approving N.A.T.I.V.E. micro loans.
  4. Risk and Opportunity. While we need your credit score as well as other financial documents, we do not simply look at your credit score when determining your micro loan
    qualifications. We also examine if your vision is sound and your objectives attainable. We also look at your references and your story to see how you and your business fit in the community and marketplace. Project staff and consultants with experience in banking and loan application assessments will assist, including where necessary by meeting with applicants one-on-one to determine feasibility and provide preliminary advice on your budget and operations.
  5. Business Plan. We expect many of our applicants not to have a business plan, or that your business plan may need additional work. When that happens, you may ask for our assistance in clarifying your plan, including your vision and objectives.kquannie2

Terms of Repayment

  1. Amount. A typical micro loan through the N.A.T.I.V.E. Project will be under $3,000 but may be more depending on circumstances.
  2. 3 Year Loan Period. The loan will be payable over three (3) years.
  3. Method of Repayment; Alternative Methods. Any promissory note you sign on the loan amount will
    contain your promise to repay the loan amount in scheduled monthly cash installments beginning 3 months after the promissory note is signed. The Note will also allow you to repay using alternative methods that you propose and which are accepted by us in writing.
  4. Interest Rate. Interest on unpaid principal will be calculated at 2% per year for regularly scheduled cash repayments, calculated yearly on any balance outstanding at that time. When the interest rate is applied, your monthly payments will be adjusted to reflect the interest rate. For alternative methods of repayment, the interest rate may be higher due to costs of administering the alternative method, calculated on a case-by-case basis.
  5. Prepayment. You may pay the loan in full at any time within the three year loan period without bonus or penalty.
  6. Default. Default on loan payments may result in the acceleration of the amount due to us, upon which all amounts outstanding will bear interest at the rate of between 4% – 10% per year from the date of default.
  7. Collection Costs. If we must go to a peacemaker to enforce the promissory note, the peacemaker costs will be shared equally. However, legal costs incurred by us in going to a Navajo Nation court to enforce the note must be paid by the Borrower.
  8. Collateral. The loan will be secured by items that you list in your application.
  9. Dispute Resolution. The first option to resolve disputes shall be peacemaking with peacemaker fees to be shared by the parties in advance. Any peacemaking agreement mutually entered into is a binding contract. If the option of peacemaking is unavailable or unsuccessful, the dispute may be filed in the Navajo Nation courts.

Confidentiality

Your application will be confidential. All applications that we receive, including attachments, will be handled securely and will not be shared with any third party.

Application Form

The application form may be found by clicking the “Micro Loan Application Form” green box below.

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When you fill out and submit the form, remember also to attach the documents requested. Please download the form before filling it in as you will not be able to save any data that you fill in the application form online.

Once completed, submit the application form and attachments to us either by email or USPS. Email: , or mail to Nicolette Smith, N.A.T.I.V.E. Project Micro Loan, CBI, 418 West Broadway, Suite C, Farmington, NM 87401.

In accordance with Federal law and U.S. Department of Agriculture policy, Capacity Builders, Inc. is prohibited from discriminating against its customers, employees, and applicants for employment on the bases of race, color, national origin, sex, age or disability, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.

If you wish to file a Civil Rights Program complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF), found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form.  Send your completed complaint form or letter to us by mail at U.S. Department of Agricultural, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at

Individuals who are deaf, hard of hearing or have speech disabilities and you wish to file either an EEO or program complaint please contain USDA through the Federal Relay Service at (800) 877-8339- or (800) 845-6136 (in Spanish).

Persons with disabilities, who wish to file a program complaint, please see information above on how to contact us by mail directly or by email. If you require alternative means of communication for program information (e.g., Braille, large print, audiotape, etc.) please contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD).

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