Health & Human Services - Mille Lacs Band of Ojibwe

Appendix E
BAND MEMBER DISCRETIONARY LOAN PROGRAM
Band members who have received their minor trust fund and have funds available for
garnishment from their per capita payments, may qualify for a loan of up to $500 to be
repaid from the Band member’s next per capita payment. Borrowers may contact the
Discretionary Loan Assistant for loan guidelines and information on the application process.
Guidelines
1. All applicants shall be enrolled Mille Lacs Band members.
2. All applicants shall be at least 18 years of age and must receive per capita payments.
3. Loans will be made on a first-come, first-served basis only to the extent that funds are
available.
4. Loans are available at a $500 maximum amount. Band members may not receive another
loan until all prior discretionary loans are repaid.
5. At the time that loans are repaid, new loans will be distributed until the funds are fully
depleted again.
6. Band members are eligible to receive a loan every other month if heir prior loan has been
repaid in full.
Applying
1. Loan applications must be made in writing and either faxed or mailed to the Discretionary
Loan Assistant.
2. Applications must include your name, address, and Band enrollment number.
3. The loans may be repaid at any time at the Office of Management and Budget. However,
if no repayment is made, the entire loan must be paid in full directly from the next per
capita distribution.
4. The applicant must pick up his or her own loan check in person, and sign a loan agreement
at that time.
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