CVRF COMPLETES ITS 3RD ROUND OF PEOPLE PROPEL®

ANCHORAGE, AK- Coastal Villages Region Fund (CVRF) has completed its third round of the People Propel® Program. The program has made it possible for residents in western Alaska to purchase new outboard motors, boats, snow machines, all-terrain vehicles, fishing nets and commercial fishing permits during the past three years.

Through the 3rd round of the People Propel® Program, CVRF paid 40% of retail, or $795,732 for 201 approved applicants. The program was expanded with this round to include ATVs and snow machines. 28 boats, 82 ATVs, 68 outboards, and 27 snow machines were among the purchases made.

CVRF is the largest of six established CDQ corporations formed to create and support economic development in communities that are within 50 miles of the western Alaska coast. CVRF serves 20 coastal villages. This region is among one of the most economically challenged regions in the nation. CVRF’s mission has been to successfully create jobs and programs that bring economic prosperity to our villages through the earnings generated by CVRF’s Bering Sea fishing operations. The People Propel® Program is just one of many programs operated by CVRF.

“We serve a large group of people with unique needs. As an economic development company that serves western Alaska,” said Bob Marquez, CVRF Product/Service Manager, “we have the challenge of creating programs and sources of income that are designed to fit the specific needs of western Alaska’s traditional and modern lifestyle, and the People Propel® program really delivers this.”

“I have a boat and a motor now, I don’t have to wait for someone to take me out fishing, I can go when I want now. Thank you CVRF,” said Ruth Jimmie of Toksook Bay.

People Propel® gives Alaska’s economy a boost. There were 20 participating vendors across Alaska, all of whom have expressed their support for CVRF with comments like:

• “We strive to give [Coastal residents] the best experience possible and we consider People Propel® along with Coastal Villages Region Fund to be very special customers.”
• “We are proud to partner with Coastal Villages in developing opportunities for individuals, families and small businesses while maintaining a shared mission of ‘Work Fish Hope.”
• “We are proud to help the local customers of the Kuskokwim Delta and CVRF People Propel® Program with their motorized needs.”
• “We want to say thank you to the people of Coastal Villages Region Fund for again giving us the opportunity to supply outboards, boats, four wheelers, service and more to the People Propel® program.”
• “This year we were invited to participate in the People Propel® Program, an invitation we gratefully accepted. What an intense ride! We can’t wait to do that again, and look forward to a long mutually beneficial relationship with CVRF. Thank you!”

People Propel® gives western Alaskans a chance to own newer and more modern means of transportation that are better on gas and are more environmentally friendly. This also gives residents a chance to establish and build credit, as the 40% provided by CVRF through the program acts as a down payment that makes banks and lenders more willing to approve loans to those that may not have established credit yet.

“The People Propel® Program helped a lot with the purchase of our new four wheeler. Without People Propel®’s help, I wouldn’t have been able to get what I wanted!” said Sandra Willie of Napakiak.

The CVRF Board of Directors approved the first round of People Propel® in late 2012. Since the beginning of the program, CVRF has contributed $3.7 million to 717 approved applicant purchases. To be a part of the program, you must be a verified resident of a CVRF member community. Residents are encouraged to visit the online portal at http://workfishhope.coastalvillages.org to establish their residency in a CVRF member community ahead of application for CVRF’s programs and/or employment. Stay tuned for future rounds of the People Propel® program!

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CVRF is a 501(c)(4) Alaska non-profit corporation whose 20 member villages are along the west coast of Alaska from Scammon Bay to Platinum. CVRF is believed to be the largest Alaskan-owned seafood company in history and is governed by a 20-member Board of Directors elected by the residents of its 20 member communities. CVRF is dedicated to providing economic development in its 20 member communities by creating sensible, tangible and long-term opportunities that generate Hope for residents who want to Fish and Work. CVRF is the largest jobs provider in its member villages and is the first CDQ group to own and control the vessels that harvest its CDQ allocations. For more information, visit www.coastalvillages.org or contact Chip Wilson at 907-278-5151. Please visit CVRF’s Facebook page at www.facebook.com/CoastalVillagesRegionFund and Coastal’s Twitter page at www.twitter.com/CoastalVillages.