How to Lend in Native Communities: The 5 Rs of Rematriation - Non Profit News | Nonprofit Quarterly
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from Non Profit News | Nonprofit Quarterly1 month ago
Jaime Gloshay discusses how her early experiences at a CDFI revealed the nuances of financial trauma and distrust within communities towards traditional financial institutions.
Non Profit News | Nonprofit Quarterlyhttps://nonprofitquarterly.org/how-to-lend-in-native-communities-the-5-rs-of-rematriation/
She emphasizes that the existing underwriting frameworks, like the 5Cs of Credit, fail to account for the unique needs and experiences of Black, Indigenous, and POC communities.
Non Profit News | Nonprofit Quarterlyhttps://nonprofitquarterly.org/how-to-lend-in-native-communities-the-5-rs-of-rematriation/
The five Rs of Rematriation—revolutionary, regenerative, restorative, rooted, and relational—were developed to promote more equitable financial systems that support marginalized communities.
Non Profit News | Nonprofit Quarterlyhttps://nonprofitquarterly.org/how-to-lend-in-native-communities-the-5-rs-of-rematriation/
Gloshay argues that traditional metrics, such as credit scores, are inadequate in assessing the character and potential of communities that lack financial literacy and resources.
Non Profit News | Nonprofit Quarterlyhttps://nonprofitquarterly.org/how-to-lend-in-native-communities-the-5-rs-of-rematriation/
Read at Non Profit News | Nonprofit Quarterly
#financial-inclusion #economic-justice #cdfi #underserved-communities #rematriation
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