OHA’s Malama Loans Program for Native Hawaiians

♪ Trini: WELCOME BACK TO "LIVING 808" THE OFFICE OF HAWAIIAN AFFAIRS IS COMMITTED TO ENSURING THAT NATIVE HAWAIIANS AND THEIR OHANA HAVE ACCESS TO RESOURCES TO ASSIST THEM IN PURSUING THEIR FINANCIAL GOALS

John: THROUGH THEIR MALAMA LOANS PROGRAM, NATIVE HAWAIIANS CAN IMPROVE THEIR HOMES, FURTHER THEIR EDUCATION WE'RE TODAY WITH KAMANO AND TRACY THANK YOU FOR BEING WITH US MAHALO John: TELL ME ABOUT THIS PROGRAM

THE OFFICE OF HAWAIIAN AFFAIRS MALAMA LOAN PROGRAM, WE HAVE FOUR DIFFERENT PRODUCTS SPECIFICALLY TO ASSIST NATIVE HAWAIIANS IN OUR COMMUNITY THE FIRST PRODUCT IS FOR THOSE BUSINESSES THAT ARE 100% OWNED SPECIFICALLY FOR DEVELOPMENT OF ENTREPRENEURSHIP THE SECOND IS A HIGHER EDUCATION LOAN FOR THOSE WISHING TO GO BACK TO COLLEGE OR UNIVERSITY THE OTHER IS LIKE A HOME IMPROVEMENT LOAN AND CONSOLIDATION LOAN

THOSE ARE AVAILABLE WE HAVE PRETTY GOOD — AS ONE EXAMPLE WE RECENTLY SUPPORTED A WITH THEIR ORGANIC JUICE BAR AND THEIR PARENTS ALSO FROM OUR LOAN PROGRAM WHAT YOU CAN SEE IS THROUGH OHANA, NATIVE HAWAIIANS BECOME SOCIAL ENTREPRENEURS John: I KNOW WHAT YOU'RE TALKING ABOUT

THANK YOU TO THAT THANK YOU John: HOW LONG HAS THE LOAN LOAN YOU WOULD GET FROM A BANK IT WAS ESTABLISHED IN 1989 DURING A TIME WHERE NATIVE OBTAINING LOANS FROM TRADITIONAL LENDING INSTITUTIONS OUR PROGRAM DIFFERS BY THE FACT THAT WE HAVE A HIGHER TOLERANCE FOR RISK

WE'RE ABLE TO LEND OUT THOSE FUNDS AFTER RECEIVE FEDERAL GRANT SUPPORT, THAT'S WHEN WE STARTED THE MALAMA LOAN PROGRAM JUST UNDER KAMANO'S LEADERSHIP, WE HAVE CLOSED 863 LOANS John: CONGRATULATIONS HOW DOES SOMEBODY APPLY? SURE THAT'S WHAT EVERYBODY IS GOING TO WANT TO KNOW

IT'S FAIRLY SIMPLE IT WILL TAKE MAYBE 25 MINUTES AND YOU CAN ACCESS THE APPLICATION ONLINE AT LOANSOHAORG OR IF YOU'RE IN THE AREA, STOP BY OUR OFFICE

WE'RE IN 560 NORTH NI NIMITZ ON THE SECOND FLOOR I WANTED TO EXPLAIN [SPEAKING HAWAIIAN] THE PURPOSE AND FOUNDATION FOR THE THE OHA MALAMA LOAN IS HELPING NATIVE HAWAIIAN PRIDE IN BUSINESS, SEEKING BETTER OPPORTUNITY FOR HIGHER EDUCATION, AND REALLY WITH THEIR FINANCES THAT WE CAN PROVIDE WEALTH CAN'T OHANA REALLY, THAT'S WHY WE'RE HERE IT'S NOT JUST APPLY FOR A LOAN BUT WHEN YOU MEET OUR STAFF, IT REALLY IS A RELATIONSHIP BETWEEN COME TRUE

ALL WE DO IS HELP YOU ALONG THE WAY ON THIS PATH, GETTING YOU ON THIS JOURNEY TO ASSIST YOUR FAMILY IN GREAT, OPPORTUNITY THAT'S WHY WE'RE HERE HELP US SHARE THAT'S WHAT WE WANT TO DO SHARE

John: THANK YOU SO MUCH FOR ALL YOU DO WE APPRECIATE IT PROGRAM LOVE THAT THEY'RE HELPING IT'S A GREAT PROGRAM AND IT'S EASY TO GET ONE

Trini: I GOT TO TELL YOU, IT MAKES ME HEART HAPPY TO KNOW THERE IS AN ORGANIZATION OUT