CDFIs provide an important unique opportunity support communities by creating opportunities for underbanked companies and individuals to pull themselves up by their bootstrap by creating new businesses, housing and strengthening financial composites
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 provide an important unique opportunity support communities by creating opportunities for underbanked companies and individuals to pull themselves up by their bootstrap by creating new businesses, housing and strengthening financial composites
CDFIs assist businesses and individuals that often cannot access bank capital. Especially in rural SD access to capital is difficult and the # of small banks have been reduced.
CDFIs help community-focused organizations access capital for traditionally underserved communities.
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.