Mālama Loan > Home
Since it was created in November 2007, the Mālama Loan Program has given out $34.6 million to more than 1,880 Native Hawaiian borrowers. As one of three OHA loan programs, it has seen a great amount of success. But we feel thereʻs always room for improvement, and as such, weʻre temporarily suspended the Mālama Loan program for the next month. For your convenience, weʻve provided a Q&A section below. Mahalo for your patience and understanding.
Q & A
Q. Can I turn in a new Mālama Loan application now?
A. No.The program was suspended Oct. 7, 2013
Q. How long will the Mālama Loan program be suspended?
A. The Mālama Loan program will be suspended for at least one month.
Q. What will happen if I have a loan application already in process?
A. If your loan was not approved by Oct. 7, 2013, it will be put on hold until the suspension is lifted. If it has been approved by that date, your application will be honored. When the suspension took effect, we had less than ten loan applications pending. All except two have been approved.
Q. Do I need to continue making payments on an existing Mālama Loan?
A. Yes. The suspension does not apply to existing loans.
Q. What are options that beneficiaries can seek in lieu of the Mālama Loan?
A. OHA beneficiaries have three remaining alternatives to the Mālama Loan:
- The Hua Kanu Business Loan Program makes between $200,000 and $1 million available to help Hawaiians expand their existing businesses.
- The Consumer Micro-Loan Program makes up to $7,500 in low-interest loans available to Hawaiian consumers experience temporary financial hardships due to such unforeseen circumstances as auto repairs, funeral expenses, medical bills, or career-development courses.
- The Punawai Program, which provides financial assistance to help eligible Native Hawaiian families keep up with electricity and water bills as well as pay rent and car notes
SEE THE SUCCESS STORY: FITTED HAWAII
Keola Rapozo created a hat and T-shirt store after receiving the Mālama Loan from the Office of Hawaiian Affairs.
SEE THE SUCCESS STORY: MAKANA ESTHETICS WELLNESS ACADEMY
Malia Sanchez had all the tools to make people feel and look great. When she envisioned teaching this to others, OHA's Mālama Loan program was there to help Malia build the foundation for her academy.
SEE THE SUCCESS STORY: NIKKEI KOI AND LEGACY VILLA
Gary Hironaka, small Hawaiʻi businessman, talks about his care home business developed with a Mālama Loan.