Akiptan Youth Loan

Akiptan is a Native American Community Development Financial Institution (CDFI) that provides loans and technical assistance to agriculture producers across Indian country.

Youth are a key part of the agriculture industry, which is why Akiptan also has a youth loan product. Youth are able to get financing through Akiptan which allows for the younger generations to start growing their agriculture operation.

• Anyone who is 10 - 12 can apply for a Youth Loan of up to $5,000.00

• those ages 13 to 15 can apply for a Youth Loan of up to $7,500.00

• those ages 16 to 18 years old can apply for a Youth Loan of up to $10,000.00

• Any individual or entity engaged in agriculture and food systems, including but not limited to: growing, processing, distributing, or selling food or food products with a goal of improving the Indian use of Indian resources within the service area.

Anyone who is 10 - 12 can apply for a Youth Loan of up to $5,000.00, those ages 13 to 15 can apply for a Youth Loan of up to $7,500.00 and those ages 16 to 18 years old can apply for a Youth Loan of up to $10,000.00 which can be repaid over a maximum of 7 years, with a 5 year interest only period added if the producer so chooses.

There is a digital copy of the application to the right which can be filled out and mailed to Akiptan's office at PO Box 858 Eagle Butte, SD 57625. Supplemental documents may be required before final loan review.

Please know that the timeline is currently a few months out from application submission to the Loan Committee for review. It is best to put in an application as soon as possible, but having a couple of months time is preferable. If your loan is approved, Akiptan can hold the money until you are ready to use it, which helps save on interest as well.

Loan products overview

Application materials

Akiptan Loan Process (PDF)

Frequently asked questions

Interest Only Option explained (blog)