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Testimonials

CDFIs support the needs of small businesses and consumers in rural, suburban, and urban areas across the United States. The designation is key to legitimizing and elevating our work with banks and other leveraged investors who align with our industry to bring affordable capital to markets that need catalytic investments to sustain and grow small businesses. These businesses create jobs, provide goods and services, and pay taxes that build strong communities. We need to preserve and grow the CDFI Fund for all Americans.

-Patricia Parchmon, St. Louis Community Credit Union, St. Louis, MO

Supporting Community Development Financial Institutions (CDFIs) is crucial for economic growth and access to capital in underserved areas. CDFIs provide essential financial services, stimulating local economies by offering affordable loans to small businesses and nonprofits. Increased funding for CDFIs ensures expanded outreach and impact, promoting economic stability and development. Enhanced budgetary support for CDFIs is a strategic investment that benefits the nation’s economic infrastructure.

-T. Jay Diallo, First Community Capital, Inc., Riverside, CA

At Prestamos, we support CDFIs because they are a lifeline for underserved communities, providing access to capital and technical assistance where traditional financial institutions often fall short. CDFI funding enables us to offer flexible, culturally competent lending and support services that help small businesses grow, create jobs, and build generational wealth. Without CDFIs, too many communities would be left behind in our economic recovery and growth. We are proud to be part of the solution that bridges this equity gap.

-Amber Cordoba, Prestamos CDFI, Phoenix, AZ