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.
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.
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.