Individual Development Accounts

Chehalis Tribal Loan Fund offers an Individual Development Account, a 2:1 match savings program to be used for costs on a new home, new or existing business, secondary education.

 In addition to helping participants to acquire assets, IDAs also promote savings behavior and provide social support that contributes to sustainable economic self-reliance and asset building. Providing participants with no-fee bank accounts, which encourage regular savings, and providing financial education and coaching. Frequently, the community organizations offering IDAs also offer other supportive services maximize long-term success.

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