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Kakivak Association — Makigiaqvik Loans
Loans for Inuit business in Nunavut’s Qikiqtani Region
Last Update: March 4, 2026
Funding available
$ 25,000
Timeline
- Open continuously
Location
Nunavut, Canada
Overview
Access a loan of up to $50,000 with an interest rate of 8.5% to establish or expand a business.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop workforce skills
- Launch or market a product/service
Eligible Funding
- Maximum amount : 25,000 $
- Up to 8% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
Location
- Nunavut
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Makigiaqvik Loans program offers financial assistance to eligible Inuit-owned businesses aimed at establishing or expanding their operations. The focus is on identifying and supporting projects that are viable and capable of creating employment in their communities.
- Financing for the establishment of new Inuit-owned businesses.
- Financial support for the expansion of existing Inuit-owned businesses.
Eligibility
Who is eligible?
This program is specifically available to Inuit-owned businesses operating in the Qikiqtani Region and aims to support economic development and business expansion within this community.Eligible expenses
The Economic Opportunity Fund supports tourism-based business initiatives in specific communities within the Qikiqtani Region. Projects eligible for this funding focus on equipment acquisition, safety enhancements, and marketing projects to boost tourism and economic activities.
- Purchase of new equipment for tourism-based businesses.
- Acquisition of safety gear to enhance operational safety standards.
- Development and implementation of marketing initiatives to promote tourism.
Eligible geographic areas
This grant is available to companies in specific regions designated by the program to support regional business growth. The focus is on Inuit-owned businesses within the Qikiqtani Region.
- Businesses must be located within the Qikiqtani Region.
- Eligible communities include Grise Fiord, Resolute Bay, Arctic Bay, Pond Inlet, Qikiqtarjuaq, and Pangnirtung.
Frequently Asked Questions about the Kakivak Association — Makigiaqvik Loans Program
Here are answers to the most common questions about the Kakivak Association — Makigiaqvik Loans. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Kakivak Association — Makigiaqvik Loans?
Access a loan of up to $50,000 with an interest rate of 8.5% to establish or expand a business.
How much funding can be received?
Kakivak Association — Makigiaqvik Loans Funds up to 8% of admissible expenses, capped at $25,000 per project.
Who is eligible for the Kakivak Association — Makigiaqvik Loans program?
To be eligible for the Kakivak Association — Makigiaqvik Loans program, you must:
The applicant must be an Inuit-owned business.
The business should be located in the Qikiqtani Region.
What expenses are eligible under Kakivak Association — Makigiaqvik Loans?
The Makigiaqvik Loans program offers financial assistance to eligible Inuit-owned businesses aimed at establishing or expanding their operations. The focus is on identifying and supporting projects that are viable and capable of creating employment in their communities. Financing for the establishment of new Inuit-owned businesses.
Financial support for the expansion of existing Inuit-owned businesses.
Where is the Kakivak Association — Makigiaqvik Loans available?
The Kakivak Association — Makigiaqvik Loans program is available the province of Nunavut.
Is the Kakivak Association — Makigiaqvik Loans a grant, loan, or tax credit?
Kakivak Association — Makigiaqvik Loans is a Loans and Capital investments
Who are the financial supporters of the Kakivak Association — Makigiaqvik Loans?
Kakivak Association — Makigiaqvik Loans is funded by Kakivak Association