Native Hawaiians will be able to receive loans for home improvement and educational uses, as well as business opportunities, under a restructured Native Hawaiian Revolving Loan Fund that took the Office of Hawaiian Affairs more than a year to iron out.

OHA's new Malama Loan Program was announced yesterday. Administered through First Hawaiian Bank, it will offer five-year, 5 percent loans of up to $75,000 for eligible consumers and businesses.
[...]
In recent years, the revolving fund has come under criticism for a high default rate.
[...]
To address the problems, OHA worked with federal officials, who urged the group to broaden eligibility requirements and speed up the loan process. Loans are expected to be approved and disbursed within five days for eligible applicants. Handing off administration of the revamped program to First Hawaiian Bank as a third-party "strategic lending partner" was also a key change.
[...]
For information on the Native Hawaiian Revolving Loan Fund and the Office of Hawaiian Affairs' Malama Loan Program, call OHA economic development director Mark Glick at 594-1911.