As I explained earlier, for us, in Wemotaci, participation in the First Nations Fiscal Management Act has meant that we are no longer subject to the Indian Act in relation to financial matters. Financial institutions don't always recognize that, however, whether it be credit unions or banks. The First Nations Finance Authority, an indigenous body, is the only institution to recognize that fact and to grant loans.
It's not uncommon for us to have interest rates of 6%, 7% or 8%. It happens all the time to us, in Wemotaci, and it significantly hampers our economic development projects. It's not necessarily a barrier for projects that flow from band councils, but it is a major barrier for private contractors. As I told you, people live below the poverty line even when they work for the council. If they try to become contractors, obtaining a loan from a financial institution is very challenging. It's nearly impossible, so councils often have to co‑sign for people. It's a heavy administrative burden and it hinders our development.