Appraisal of Bureau of Indian Affairs credit program, Gallup area, New Mexico, 1958

Abstract

Introduction; Indian credit characteristics; Credit and Indians; Indian credit in the United States; Bureau financing; 1. Tribal funds; 2. Revolving loan funds; 3. Bureau credit programs in liquidation; A. Reimbursable loans; B. Livestock loans repayable "in kind"; Indian credit in the Gallup area; Purpose and procedure; Review of policy and operation files; Tabulation of Indian credit applications; 1. The Navajo agency; 2. The Southern Ute agency; 3. The Jicarilla Apache agency; Analysis of credit operation; Comparison of Indian vs non-Indian credit characteristics; Analysis of tribal credit program; Statistical comparisons of the relationship between amount of loan requested and estimated net income; Cost of credit; Indian credit in the Gallup area vs non-Indian credit; Administrative costs of lending programs; Lender survey; Requests for credit; Strong and weak points enumerated by agencies making tribal Indian loans; Kind of tribal Indian loans made; Future interest in loans to tribal Indians; Security for future loans by reservation Indians; Future interest rates on loans to tribal Indians; Borrower characteristics stressed; Loan guaranty program; Legal changes believed necessary by non-Indian lenders; Legal aspects of loans to Indians by non-Indian lenders; State laws; Real estate loans; Federal land bank loans; Insurance company loans; Farmers home administration loans; Bank for cooperatives loans; Non-real estate loans; Banks; Production credit associated loans; Farmers home administration loans; Merchant and other loans; Conclusions and recommendations; Recommendations ; Research report containing an analysis of tribal credit programs in northwestern New Mexico and adjacent portions of Arizona, Utah, and Colorado.