In August of 2003, the CNMI Council on Developmental Disabilities (CDD) applied for a federal financial assistance under the Title III, under the Assistive Technology Act of 1998, known as the Alternative Financing Mechanism Program. On September of 2003, CDD was granted an approved funding to start the TAFP Program.
The loans under the program will be administered by a Community Base Organization (CBO) and underwritten by Bank of Saipan. The loan program is available to qualified CNMI residents on Saipan, Tinian, Rota and the Northern Islands.
In August of 2003, the CNMI Council on Developmental Disabilities (CDD) applied for a federal financial assistance under the Title III, under the Assistive Technology Act of 1998, known as the Alternative Financing Mechanism Program. On September of 2003, CDD was granted an approved funding to start the TAFP Program.
The loans under the program will be administered by a Community Base Organization (CBO) and underwritten by Bank of Saipan. The loan program is available to qualified CNMI residents on Saipan, Tinian, Rota and the Northern Islands.
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The Trankilu Alternative Financing Program (TAFP) is not an ordinary loan program. The interest is well below a typical market rate. Loans are available with no down payment and longer terms which reduces the monthly payment. This makes adaptive equipment a real, affordable possibilities. NEW FREEDOMAssistive technology is often specialized and customized to the needs of the individual. The TAFP can assist in directing consumers to skilled advisers and providers to help determine the right device. Examples of the board range of adaptive equipment and service that can be considered include: Wheelchairs / motorized scooters Assistive Technology training and repairs of device Hearing and Vision Aids Augmentative Communication Device Modified Vehicles and Vehicle Modification Home Modifications and Ramps Recreational Equipment (must be directly related to the disability) Prosthetics and Orthotics And more......... New VisionThe TAFP was created under the Title III of the Assistive Technology (Alternative Financing Mechanism Program) It provides a unique funding alternative for many who have no other option. The real life benefits of this affordable financing, productivity, and community program. The loans under the TAFP are administered by the Coalition for Anti-Stigma of Mental Illness in the CNMI (CAMI), a Community Based Organization (CBO) and underwritten by the Bank of Saipan.
The Trankilu Alternative Financing Program (TAFP) is not an ordinary loan program. The interest is well below a typical market rate. Loans are available with no down payment and longer terms which reduces the monthly payment. This makes adaptive equipment a real, affordable possibilities. NEW FREEDOMAssistive technology is often specialized and customized to the needs of the individual. The TAFP can assist in directing consumers to skilled advisers and providers to help determine the right device. Examples of the board range of adaptive equipment and service that can be considered include: Wheelchairs / motorized scooters Assistive Technology training and repairs of device Hearing and Vision Aids Augmentative Communication Device Modified Vehicles and Vehicle Modification Home Modifications and Ramps Recreational Equipment (must be directly related to the disability) Prosthetics and Orthotics And more......... New VisionThe TAFP was created under the Title III of the Assistive Technology (Alternative Financing Mechanism Program) It provides a unique funding alternative for many who have no other option. The real life benefits of this affordable financing, productivity, and community program. The loans under the TAFP are administered by the Coalition for Anti-Stigma of Mental Illness in the CNMI (CAMI), a Community Based Organization (CBO) and underwritten by the Bank of Saipan.
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Who can Apply? Any CNMI Resident with disability or a non-resident whose child with disability is a U.S. citizen, or family members, advocates, employers or authorized representative designated by an individual with disability, who intends to use the loan to purchase assistive technology to be used by the individual or child with disability.
Where can I Apply? You may apply at any Bank of Saipan, branches on Saipan, Tinian or Rota. Bank of Saipan Loan Application Personal Information Application
What is Assistive Technology (AT)? Is any device, equipment or item to help maintain, increase, or improve the independence, or functional capabilities of an individual with a disability. It includes: Wheelchairs, Motorized Scooters, Braille Equipment, Scanners, Hearing and Vision Aids, Text Telephone (TTY), Augmentative Communication System, Building Modification for Accesibility, Motor Vehicle and Vehicle Modification, many other devices. (Loans may also be used to pay for training to use equipment, insurance, extended warrantees, and maintenance plans).
How Much Can I Borrow? There is no minimum amount. Individuals can borrow up to $3000 and beyond with exceptions. The TAFP will consider individuals with no credit history or poor credit. Special consideration is giving to disability and medically related credit issues.
How Much Time Will I Have to Pay Off a Loan? Repayment terms are based on the expected life of the AT device. Example, loans for computers and related devices must be repaid in 2.5 years, while loans for home modifications may be repaid in seven years. Loans for new vehicles must be repaid in 7 years, while loans for used vehicles must be repaid in 5 years. Most other types of AT, a 4 to 5 years repayment term is typical.
Who can Apply? Any CNMI Resident with disability or a non-resident whose child with disability is a U.S. citizen, or family members, advocates, employers or authorized representative designated by an individual with disability, who intends to use the loan to purchase assistive technology to be used by the individual or child with disability.
Where can I Apply? You may apply at any Bank of Saipan, branches on Saipan, Tinian or Rota. Bank of Saipan Loan Application Personal Information Application
What is Assistive Technology (AT)? Is any device, equipment or item to help maintain, increase, or improve the independence, or functional capabilities of an individual with a disability. It includes: Wheelchairs, Motorized Scooters, Braille Equipment, Scanners, Hearing and Vision Aids, Text Telephone (TTY), Augmentative Communication System, Building Modification for Accesibility, Motor Vehicle and Vehicle Modification, many other devices. (Loans may also be used to pay for training to use equipment, insurance, extended warrantees, and maintenance plans).
How Much Can I Borrow? There is no minimum amount. Individuals can borrow up to $3000 and beyond with exceptions. The TAFP will consider individuals with no credit history or poor credit. Special consideration is giving to disability and medically related credit issues.
How Much Time Will I Have to Pay Off a Loan? Repayment terms are based on the expected life of the AT device. Example, loans for computers and related devices must be repaid in 2.5 years, while loans for home modifications may be repaid in seven years. Loans for new vehicles must be repaid in 7 years, while loans for used vehicles must be repaid in 5 years. Most other types of AT, a 4 to 5 years repayment term is typical.
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- Any CNMI resident with a disability, or a caregiver of a person of any age with a disability can apply for a low interest load to purchase assistive technology. To receive a load you much be determined creditworthy by our load review criteria.
- Any CNMI resident with a disability, or a caregiver of a person of any age with a disability can apply for a low interest load to purchase assistive technology. To receive a load you much be determined creditworthy by our load review criteria.
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Council Programs 
