ABSCAN’s principal objective is to offer saving products and financial support in the form of loans to First Nations members and institutions.
ABSCAN is a non-profit, social benefit corporation. It is directed by First Nations members.
The fruit of Quebec innovation, ABSCAN has the potential to be replicated.
Our aim is simple: to invest our savings in our communities.
The Aboriginal Savings Corporation of Canada (ABSCAN) is a non-profit organization that has worked among First Nations since 2005. ABSCAN is affiliated with the Native Commercial Credit Corporation (SOCCA). The two organizations also share a Board of Directors and management team. ABSCAN collects savings from individual First Nations members and institutional investors as per Autorité des marchés financiers du Québec (AMF) regulations and invests these in the First Nations Housing Program, among other things.
SOCCA is a non-profit corporation firmly established among Quebec First Nations since 1992. SOCCA offers financing products and services in the form of non-refundable contributions, loans, and coaching to start, acquire, or expand Aboriginal businesses.