A Strategy for Economic Parity

Four Bands Community Fund is a nonprofit organization that was started in 2000 as part of a community and economic development movement on the Cheyenne River Sioux Reservation. As a community loan fund (technically known as a community development financial institution, or CDFI) our original objective was to capitalize Native American-owned businesses on the Reservation.

When we began our work, less than 1% of all businesses on the Reservation were owned by Native Americans. However, 75% of the Reservation’s population is comprised of Native Americans. Since then, we have helped hundreds of Native American entrepreneurs start or expand a business. We began by making $500 loans, and today we have dispersed over $10 million in loans.

Creating Community Impact

Through the implementation of our strategic model, Four Bands has seen a transformation in the economic landscape on Cheyenne River and beyond. The following achievements are evidence of this transformation. Since inception in 2000 through 2015 year-end, Four Bands has:

  • Provided 6,644 customers with technical assistance.
  • Supported hundreds of individuals in various stages of business development through the deployment of 1,051 loans totaling $9,987,308.
  • Approved 671 credit builder loans so that recipients could achieve an average credit score increase of 65 points within one year.
  • Created or retained 597 jobs.
  • Graduated 445 individuals from our business-training course.
  • Increased financial literacy of 810 individuals through training.
  • Connected 183 youth entrepreneurs to local internship opportunities, 76% of whom seek post-secondary education.
  • Committed $422,488 so that 209 matched savings program participants could reach a savings goal for homeownership, education, or business.
  • Electronically filed 2,985 tax returns to produce a total federal refund of $5,315,345 to our community.
  • Leveraged our investments at an average of 14 to 1; for every dollar invested by a funder, Four Bands and the entrepreneur invests $14.

Phone: 605-964-3687
Fax: 605-964-3689
Eagle Butte, SD 57625
101 S. Main Street