CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.
CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.
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.
The shift in business models among banks and credit unions—along with ongoing consolidation and the retreat from rural markets—has left a growing number of entrepreneurs without access to traditional financing. In response, MoFi and other CDFIs have become critical entry points for future bank customers.