Access to capital is a particular challenge for Indigenous people, given that many groups are unable to use their land as collateral and Individuals are much less likely to have a house to use as security (only 30% of the Indigenous community are home owners compared to 70% of the general population). There is also perceived risk of lending to Indigenous businesses.
There is very limited available capital over $50k for Indigenous enterprises to start up and grow if they don't have assets to use as security.
First Australians Capital is raising funds to lend as repayable patient capital to Indigenous entrepreneurs to give them a track record to access mainstream business finance.
Your donation will go directly into this fund. Interest generated by the fund is used to pay our modest operational costs ensuring that as the fund grows we become totally self funding.
Donations are fully tax deductible.
If you are interested in investing directly into an Indigenous enterprise please contact us directly.