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Decentralized Lending Network seeks to end debt cycle While his plans are still in their early stages, Dr. Adel ElMessiry wants to end a system that traps millions of people in the debt cycle. He is the founder of the Decentralized Lending Network, a platform with the goal of creating an open financial network enabling interest-free micro loans backed by a borrower’s social reputation. He is currently developing the concept and invites feedback at dln.org. Dr. ElMessiry was born in Egypt and lived across Europe as a child. He has lived in developing economies. People trying to get ahead in ...
Filling a financial gap in Eastern Oregon While employment by the Confederated Tribes of the Umatilla Indian Reservation drives an economic engine, tribal members and reservation residents lack access to traditional banking. Nixyaawii Community Financial Services is working to bridge that gap. Author: May 13, 2021 Nixyaawii Community Financial Services chief operating officer Dave Tovey (left), chief financial officer Becky Cain and business development counselor Raven Manta in the new offices near the Wildhorse Resort & Casino. The community development financial institution serves residents...
Tribes step in to fill a financial gap in Eastern Oregon Posted Apr 30, 6:40 AM Dave Tovey (left), Nixyaawii Community Financial Services chief operating officer, chief financial officer Becky Cain, and business development counselor Raven Manta in the institution’s new offices near the Wildhorse Resort & Casino. The community development financial institution serves the Confederated Tribes of the Umatilla Indian Reservation. (Photo credit: Wil Phinney) Facebook Share By Wil Phinney, Underscore News When Confederated Tribes of the Umatilla Indian Reservation leaders realized many members ...
The economic downturn caused by the COVID-19 outbreak has hit Indian Country particularly hard. Entrepreneurs are turning to small, local lending institutions in a region that’s often outside the reach of traditional banks.