Makigiaqvik Loans

Provides assistance to new or expanding Inuit businesses to create 4 opportunities for the local communities.
  • Kakivak Association
Overview of the Makigiaqvik Loans program:

Makigiaqvik Loans are available to eligible Inuit owned businesses that require financing to establish or expand their business. Our Business Development Officers will work with you to find the best financing available for your business development project, including a combination of grant contributions and a Makigiaqvik Loan.

Benefits of the Makigiaqvik Loans program:
  • Successful applicants may receive a secured loan of up to $50,000. The interest is at a fixed rate of 8.5%. The repayment term may be up to 7 years.
  • Our current priorities include:
  • Building stronger linkages with Communities
  • Providing an increased level of services in the Community
  • Enhancing organizational partnerships
  • Improving Program Delivery
  • Assessing Program Impacts
Eligibility criteria of the Makigiaqvik Loans program:
  • The individual applying is Inuk and has lived in Baffin Region for 6 months or more.
  • The partnership applying is at least 51% Inuit owned and controlled.
  • The corporation applying is at least 51% Inuit owned and controlled.
  • The corporation applying is an Inuit firm certified by Nunavut Tunngavik Inc. for inclusion on the Inuit Firm
  • Registry under Article 24 of the Nunavut Land Claims Agreement and has its principle place of business in
  • Nunavut,

Related Funding Opportunities

Explore similar funding opportunities that match your goals.

PEI Food Product Development FundOPEN
  • Government of Prince Edward Island
Ontario Disability Support Program Employment SupportsOPEN
  • Ontario Ministry of Community and Social Services
Women Founders Investment Preparedness ProgramOPEN
  • Canadian Women's Foundation
One ElevenOPEN
  • One Eleven

Other Grants and Funding by Region

BC Indigenous Cannabis Business FundOPEN
  • New Relationship Trust (NRT)
SMALL BUSINESS LOANS IN THE ALBERTA SOUTHWEST REGIONOPEN
  • Alberta Southwest Community Futures
iGan PartnersOPEN
  • iGan Partners
Enhance Your Community StreamOPEN
  • Northern Ontario Heritage Fund Corporation
Black EntrepreneurOPEN
  • BKR CAPITAL
Term FinancingOPEN
  • Merchant Growth
Summerhill Venture PartnersOPEN
  • Summerhill Venture Partners
Freycinet InvestmentsOPEN
  • Freycinet Investments
Canada Pavilion ProgramOPEN
  • Agriculture and Agri-Food Canada
Price Pooling ProgramOPEN
  • Agriculture and Agri-Food Canada

More Grants and Funding by Industry

Creative Content Development FundOPEN
  • Nunavut Film Development Corporation
Canadian Trade Commissioner ServiceOPEN
  • Foreign Affairs, Trade and Development Canada
Real VenturesOPEN
  • Real Ventures
Silversmith CapitalOPEN
  • Silversmith Capital
CleanTech NorthOPEN
  • CleanTech North
Mantella Venture PartnersOPEN
  • Mantella Venture Partners