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.
[The CDFI Fund] provides a vital funding source which enables our organization to sustain and start-up businesses in our rural SD communities. Without that support, our rural communities would die because there would be nothing to keep our young families in the communities. The opportunities they need for their careers would be gone.
We are a nonprofit Chamber of Commerce that does microlending for small businesses. We work with a CDFI bank and are trying to get CDFI certification.
Funding through the CDFI fund is essential to our home ownership, home ownership preservation and multifamily housing development programs. CDFI funding provides flexible, low-cost funds that fill the financing gaps in projects that provide affordable, safe, and healthy housing to our clients.
CDFIs provide much-needed assistance to individuals and businesses in the state of South Dakota.