CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
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.
CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
CDFIs, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.
They support small businesses with financial gain and information to further their business
Since its inception in 1994, PeopleFund – a CDFI and SBA Lender – has deployed more than $1.2 Billion in financial assistance in areas that needed jobs and revitalization in Texas. Almost 60% of this growth took place in the last 5 years. We are also the managing member of the Veteran Loan Fund, a collaborative effort of a growing number of CDFIs across the country supporting Veterans and Veteran spouses start and grow their businesses.