The Northern Arapaho Business Council (NABC) has created a new loan program significantly reducing interest rates over past lending operations available to tribal members.
The Little Wind Loans program replaces Northern Arapaho Credit, which had previously served as the tribe’s primary lending service. Loans held by Northern Arapaho Credit will also be refinanced at low interest through Little Wind Loans.
The purpose of LWL is to provide money-saving 9.9 percent interest rate to help tribal members escape a debt cycle created by the high-interest loans.