This is greater than just the CDFI Fund. There are countless of small businesses that cannot get financial support in a traditional lending institution.
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.
This is greater than just the CDFI Fund. There are countless of small businesses that cannot get financial support in a traditional lending institution.
CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
CDFIs are critical to increasing access to capital in communities across the country. Here at Communities Unlimited, we are filling gaps that the market cannot fill. Leveraging the CDFI Fund, we provide lending services that are critical to basic infrastructure in rural places, sparking entrepreneurship in small towns, and deploying capital to increase investment in homes and property in rural areas. Our lending portfolio includes rural and regional water and wastewater systems, small business loans for unserved entrepreneurs who cannot access a loan from a traditional bank, and consumer loans for home improvement, private wells, and private septic systems in rural places. The best part about our lending services: our clients pay them off. These are not handouts but loans. CU’s lending services, through the CDFI Fund, are critical for increasing access to capital and driving economic growth in rural places.
CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.