Ka Wai Ola - Office of Hawaiian Affairs, Volume 11, Number 5, 1 May 1994 — CBED staff studies alternative banking [ARTICLE]

CBED staff studies alternative banking

OHA eeonomie specialist Chris van Bergeijk was in Los Angeles in April along with members of Hawai'i's CBED community to study California models for alternative financial instiutions for eom-munity-based businesses. The fact-finding trip was aimed at assisting community-based development groups in Hawai'i to develop models for similar financial institutions in Hawai'i. OHA presently supports the Hawai'i Allianee for Community-based Eeonomie Development whieh is now working to put together a Community Development Financial Institution (CDFI). The CDFI would provide financing for community organizations involved in a variety of eeonomie development activities.