Access to flexible financing can be a major hurdle for entrepreneurs in Nunavut, especially when starting or growing a business in the North. The Makigiaqvik Loans program is designed to support Inuit-owned businesses in the Qikiqtani Region by providing practical financing alongside hands-on guidance. Delivered by the Kakivak Association, the program focuses on helping entrepreneurs move from early ideas through to established, sustainable operations that can create local employment and long-term economic benefits.
Makigiaqvik Loans offer repayable financing of up to around $50,000, with predictable repayment terms that can extend over several years. What sets this program apart is the advisory support that comes with it. Kakivak’s Business Development Officers work directly with business owners to investigate opportunities, develop realistic plans, and identify the most suitable mix of financing for each project. In some cases, a Makigiaqvik Loan may be paired with other Kakivak funding options to better support start-up or expansion costs, making larger or more complex projects more achievable.
This program is well suited to small and medium-sized businesses in Nunavut that are ready to establish, manage, or expand operations and are looking for both capital and experienced guidance. For Inuit entrepreneurs in the Qikiqtani Region, exploring the full details of the Makigiaqvik Loans program can help clarify how this financing could support your next stage of business growth.
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