October 6, 2017 Stories and Data

October 6, 2017 Stories

BEARS, BOATS, AND BUSINESS DREAMS
  • Hoonah,
  • Alaska
  • Spruce Root
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Native CDFIs Fuel Small Business Success Across Indian Country
  • Lawton,
  • Oklahoma
  • Citizen Potawatomi Community Development Corporation
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Native CDFIs Fuel Small Business Success Across Indian Country
  • El Paso,
  • Texas
  • Tigua Community Development Corporation
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Native CDFIs Fuel Small Business Success Across Indian Country
  • Winnebago,
  • Nebraska
  • Sequoia Fund
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October 6, 2017 Fact Sheet

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I support Community Development Financial Institutions (CDFIs) because they are essential in promoting equitable economic growth and community development. At GROW SD, we see how CDFIs empower underserved populations by providing tailored financial solutions that create housing stability and sustainable businesses. Their commitment to reinvesting in local economies aligns with our mission to enhance community well-being. By supporting CDFIs, we can help build stronger, more resilient communities where everyone has the opportunity to thrive.

-Kristin Hofland, GROW South Dakota, Sisseton, SD

NeighborGood Partners became certified as a CDFI by the U.S. Treasury in 2004 and since then, the Loan Fund has lent a total of $180.4 million in 294 loans for affordable housing, community facilities, and neighborhood revitalization. The fund averages about 20 loans a year, with its staff of five managing over $30 million in assets, which represents a 3000% growth in assets since 2004.

-Karen Speakman, Neighborgood Partners, Wilmington, DE

The AZ CDFI Network supports CDFIs because they are essential drivers of economic growth and stability across Arizona. In both rural and urban areas, CDFIs provide critical access to capital, credit, and financial services for small businesses, affordable housing developments, and community facilities. As a statewide coalition of community-focused lenders, we see firsthand how CDFIs strengthen local economies, support entrepreneurs, and create jobs. Continued investment in the CDFI Fund ensures that communities across Arizona have the resources they need to grow and prosper.

-Amber Cordoba, Arizona CDFI Network, Phoenix, AZ

Map of October 6, 2017 CDFI Branches and Stories