HARBOR SPRINGS — Northern Shores Loan Fund Inc., based in Harbor Springs, is part of the first group of participants in a training initiative designed specifically for Native American-affiliated Community Development Financial Institutions.
Northern Shores Loan Fund, a nonprofit corporation, is affiliated with the Little Traverse Bay Bands of Odawa Indians It offers a variety of loan products to Northern Michigan entrepreneurs, including micro-loans and larger small business loans.
In all, 16 certified Native Community Development Financial Institutions will be part of “The Leadership Journey: Native CDFI Growth and Excellence” training series. They will develop leadership skills and resources to further staff growth and increase organizational performance.
In February, 27 representatives from the participating institutions gathered in Albuquerque, N.M., to participate in a four-day kick-off program.
Participants engaged in exercises, group activities, and case studies that focused on staff and human resource management; leadership styles, techniques, and best practices; raising debt and equity from private sources; understanding sustainability practices through product offering management; and succession plans. The training was delivered through a peer-based learning format.
“The Leadership Journey” will offer three additional cohort training events over the next two years along with customized technical assistance. The next training is scheduled for May 7-11 at the NeighborWorks America Training Institute in New Orleans. Cohort members will be able to access a wide range of training through the institute, all tailored to their leadership and resource development needs.
“The Leadership Journey” is funded by the Community Development Financial Institutions Fund as part of its overall Capacity Building Initiative and is delivered through NeighborWorks America, in partnership with Seven Sisters Development Group.