During the fscal y ear ended March 31 2013 there w ere onc e again changes in staffng due t o the leav e o f absenc e o f the f ormer P resident CEO and his subse quent resignation t o assume his ele ct ed position o f Grand Chief o f Nishnawbe Aski Nation C olle en Mar tin remained in the General Manager position through a one month transition period af t er the appointment o f Brian Dav e y as Ex e cutiv e Dire ct or eff e ctiv e January 7 2013 This transition along with a leav e o f absenc e f or another loans staff meant understaffng in the loans depar tment during the last quar t er Charlt on Thompson was appoint ed t o Senior A c c ount Manager in January the position was post ed as a permanent full time position in March 2013 with Charlt on retaining the position NADF s loan disbursements are most o f t en relat ed t o transpor tation o f goods andor e quipment on the wint er road netw ork P or tions o f the wint er road netw ork w ere not opened t o heav y traffc until v ery lat e and some only re c eiv ed a shor t period o f heav y traffc limit ed t o half loads This impact is refe ct ed in the annual disbursements o f just o v er 58000000 se v eral loans appro v ed in March w ere not disbursed until the ne w fscal y ear and a c ouple w ere re vised t o lo w er dollar value lines o f credit t o allo w f or shipment o f fuel b y air Despit e this relativ ely lo w dollar value o f loans NADF was still able t o assist 1 First Nation organization 1 Aboriginalo wned not f orproft social ent erprise and 5 privat ely o wned businesses thre e o f these represent ed business star t ups while the remainder maintained e xisting operations with an estimat ed job impact o f 525 fulltime e quivalents 55 creat ed and 47 maintained Another signifcant ac c omplishment was c ompletion o f a major mot el proje ct star t ed in 2011 and held up due t o the past tw o shor t ened wint er road seasons The loans depar tment c ontinues t o par ticipat e in the organizationwide balanc ed sc ore card approach t o strat e gic planning Se v eral strat e gic activities hav e be en identifed t o promot e the use o f NADF fnancing NADF s products o ff er fe xible repayment options and int erest rat es and can be adapt ed t o the unique ne eds o f each proje ct in order t o me et its mission t o suppor t and enhanc e Aboriginal business de v elopment Loans and Community Futures C olle en Mar tin L oans Manager 7 Organizations assist ed Estimat ed Impact 47 Fulltime e quivalents positions maintained 55 Fulltime e quivalent positions creat ed 580000 in annual disbursements 10 Nishnawbe Aski Development Fund