TD’s on-Reserve Home Loan Program

Fast nations groups are still in the process of development and do not offer their citizens enough employment opportunities. Fast nations groups' governments are still in contact with funding sources in an effort to obtain small business grants in an effort to address the issue at hand. The government is developing ways to make sure that the inhabitants of the country can demonstrate that there are enough employment available. The TD On-Reserve Home Loan Program is an illustration of such a measure (TD Bank, 2002). The goal of TD Bank's creation of the Aboriginal Banking Group was to provide the Aboriginal societies and their businesses with flexible and innovative products, services, and financing to assist them achieve theirobjectives. By doing so, the bank had offered an alternative policy that would help reduce the joblessness by the locals. It achieved this by providing grants that assisted the individuals involved in creating their own jobs. In doing so the back tried to minimize the unemployment rates that have always been linked with evil deeds such as theft and drug abuse. The bank has invested a massive amount of cash into the project so as to ensure that its primary aims are attained.

The bank laid a three-pronged, integrated approach to ensure that the Aboriginal people get help. To begin with, the bank offers a developing scope of banking and monetary services that ensure the daily requirements of the Aboriginal individual, families, and ventures. They have a supplier Diversity program that allows the Aboriginal-owned businesses to sell their goods and services to the TD bank. Thus, the bank itself is dedicated to ensuring the people succeed by offering a market for their assets. Secondly, the bank supports Aboriginal talent and employment, it achieves this by developing an extraordinary workplace culture that promotes diversity, inclusion, and motivates the talented individuals. The nurturing of talent by the bank helps the residents to realize their potentials and even advise them how to utilize them to earn a living. Hence, they will have to ensure that problem of joblessness is reduced. Lastly, community investment, the bank directs efforts in the economic and social development of the people.

TD banks offer advisory services to the Aboriginal guys ranging from individuals financial planning, global range of capital market products and services, and management of Aboriginal trusts. Therefore, it ensures that the people are directed into the proper utility of the cash support they get from the bank.

The banks are also creating an On-Reserve housing program to help minimize the dependence on the government guarantee by fast nation groups. Thus, the banks look forward to supporting the people in all spheres. It also looks into collaborating with the fast nation sets so as to offer a cost effective and precise financing program that will help the people meet their housing requirements.

The bank also has consultation program for the Aboriginal people. The program has the following advantages in the growth and development of the individuals. The program shares knowledge about the various aspects such as proper financial management that will ensure that the individuals receiving the monetary help will invest it in projects that give the best returns and that the people use the cash accrued from the business to fulfill their dreams. It also offers the advice on the ways the people can use to acquire or assemble the required capital to start their projects. Thus, it is mainly aimed at empowering economic development and prosperity in the Aboriginal societies. It also offers the advice on the ways the people can use to acquire or assemble the required capital to start their projects. Thus, it is mainly aimed at empowering economic development and prosperity in the Aboriginal societies. In addition, it offers the advice on the ways the people can use to acquire or assemble the required capital to start their projects. Thus, it is mainly aimed at empowering economic development and prosperity in the Aboriginal societies.

In the program, one can sustain the direct lending association with the bank hence one can check how his has been servicing the loans himself. However, the lending is less flexible, and it may have a fixed number of individuals who apply for the financial assistance. The firm’s second is that it maintains a direct lending relationship with first nations, therefore, allowing the groups to the ability to offer bigger product flexibility to meet their needs. On the other side, this option requires an extra administrative needs for the fast nation group.

I, therefore, recommend, that a fast nation group that has a wide range of talents because the firm will sponsor them to realizing their hidden potentials hence it will make them develop the individual jobs. The fast nation group should also have self-disciplined fellows so that they will utilize the loan in attaining their own business adventure goals. The groups should be made of a small number of people so that it is to manage themselves and the resources they get from the TD back. The small numbers of people are easily educated about the best ventures they can invest in and get the best returns. The fast nation crew I nominate is one that is made of youths as they still have great ambitions in life that they are yearning to achieve. Hence, they will fully utilize the support they get from the TD bank into the various enterprises of their own choice. The youth are also easily governed.

Consultation process Outline

Benefits

The program will share knowledge about the various aspects such as proper financial management that will ensure that the individuals receiving the monetary help will invest it in projects that give the best returns and that the people use the cash accrued from the business to fulfill their dreams.

It will also help in improving the thinking and entrepreneurial capacity of the Aboriginal society by providing education on the very vital skills the individual need to hold so as succeed in their business adventures as well as their life. Thus, the program is focused on totally bringing up the people socially and economically (Bank, 2002).

It also offers the advice on the ways the people can use to acquire or assemble the required capital to start their projects. Thus, it is mainly aimed at empowering economic development and prosperity in the Aboriginal societies.

The consultation facilitates the governance of the behavior of the Aboriginal people and the success they are getting from the support they are getting from the TD’s Bank.

It also offers the advice on the ways the people can use to acquire or assemble the required capital to start their projects. Thus, it is mainly aimed at empowering economic development and prosperity in the Aboriginal societies.

I have also led to the awareness the outstanding women positions in the labor markets. Thus, it is aimed at encouraging the women to fully participate in the economic activities so as to realize an improvement in their standards of living.

It has also led to the development of the Aboriginal economically and businesswise. They have achieved it through offering a rapidly growing market (Pinkerton, 2011). Their economic growth is due to the sharing of knowledge, building capacity, and the acquisition of funds, all which are provided by the bank through the project.

The program has led to the creation of employment opportunities. The bank hires talented Aboriginal individuals who are talented. They also offer career advice to the people by reaching students in schools and holding community organizations.

It has also helped the people who could not raise a substantial collateral to enable them to get a financial loan from the bank. Through advocating the use of home ownership in raising an equity, it has greatly helped the Aboriginal people to access funds that they use to run their business enterprises.

Challenges

The execution of the Home loan program requires a keen check on working relationship with each of the personal First nation governments. Thus, the bank has to devise better mechanisms that will ensure that assess the individual's first nation groups.

The reliance on the home ownership to act as an equity to enable the Aboriginal people to get access to loans seems not be substantial. The assets owned domestically are known to depreciate in value over time thus the bank may not get its funds back in the event the loaned guy fails to pay and they have to recover by selling the collateral as they may be at a lower cost than when the loan was taken.

Many Aboriginal people have little knowledge about financial matters such as budgeting, saving, and credit (Andric, 2013). Thus, it poses a challenge as the people may end up misusing the funds they receive from the bank. Hence, the bank has to invest more in promoting the financial education to the people mainly for the underserved fraction of the population.

The program is faced with male dominance thus bringing the issue of gender biases. The Bank thus is investing a lot of money in the ladies to support the violence prevention efforts in the Aboriginal societies, economic growth programs for Aboriginal women, and initiatives to help the Aboriginal girls develop their confidence and critical thinking skills, which will help them grow. It also invests a massive amount of money in the financial education of the ladies.

The Bank is faced with stiff competition from other well-established financial firms that are providing cheap loans to the people. Hence, making the program to have small numbers of people as it was expected. The competition also causes the bank to raise its interest rates so that it maintains the profit margins.

They are faced with government restrictions which regulate their loaning activities. The government also predetermines the range of interests that the loan programs have to offer thus the bank has to limit its intentions so that they won’t be at a cross road with the leadership (Ferguson, 2000).

Drawbacks

The bank is faced with restrictions from the state government and its central bank which try to control the activities of the Banks.

Most of the Aboriginal members are financially illiterate thus posing dangers of possible misuse of the funds meant to improve the business of the people.

The infrastructure is poor. Thus, the bank has to try and raise the standards of the infrastructure that will allow easy conveyance of the goods and services from one place to another.

The bank is faced with a challenge of handling the rising numbers of customers who have home assets qualifying them for a loan. Thus, it may be forced to increase its financial investment in helping the fast nation groups that are emerging due to the advantages of the program.

Reference

Andric, E., & Mooney, S. (2013). The Psychology behind fast loans-Is there a pattern to who succumbs to the temptation of fast loans? Print.

Ferguson, B., & Haider, E. (2000). Mainstreaming microfinance of housing. Housing Finance International, 15(1), 3.

Bank, T. D. (2002). A choice between investing in Canada's cities and disinvesting in Canada's future. TD Bank Financial Group.

Bank, T. D. (2002). The Greater Toronto Area (GTA): Canada's Primary Economic Locomotive in Need of Repairs. TD Bank Financial Group.

Pinkerton, E. (Ed.). (2011). Co-operative management of local fisheries: new directions for improved management and community development. UBC Press.