CDFIs exist to help grow local economies, provide housing, and support small businesses.
Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.
CDFIs exist to help grow local economies, provide housing, and support small businesses.
I’m a contract CFO for multiple smaller CDFIs around the US who are supporting those in our communities that are starting small businesses, trying to get financing to buy a vehicle to get to a job or earn a living in the gig economy, and small developers bringing affordable housing onto the market. No one else is making this financing available. I work to see thriving communities here in the US that make our local economies vibrant and healthy. The CDFI Fund makes that possible.
Kentucky Highlands provides access to capital to small businesses located in its economically distressed and persistent poverty rural Appalachian service area.
CDFIs provide access to capital for individuals who more traditional financial institutions would otherwise deny. The capital provided allows them to sustain or scale their business.