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.
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.
As a CDFI, we are able to provide loans and investments to borrowers for projects that improve the quality of life in our community’s low to moderate income census tracts. Frequently, these transactions are not supported by financial institutions directly under competitive terms and conditions that we as a CDFI can make.
The CDFI Fund has helped us positively impact low-income communities by improving their quality of life with access to low and fair loan financing.