CDFIs make banking accessible for entrepreneurs and small businesses that often lack the institutional knowledge and networks to feel confident in the lending space. CDFIs are a critical tool that helps diversify our economy.
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 make banking accessible for entrepreneurs and small businesses that often lack the institutional knowledge and networks to feel confident in the lending space. CDFIs are a critical tool that helps diversify our economy.
As a former executive of a CDFI I saw firsthand the job creation and the dreams of many clients supported by our organization. We hired amazing financial mission driven talent and we supported hard working entrepreneurs who were seeking opportunities in their community and for their families. The recent EO will not make America great again, it will hurt Americans who are resilient, innovative and a fabric of their communities.
CDFIs benefit communities like Syracuse, which have experienced economic decline due to the withdrawal of large employers (like Carrier, GE, etc.) but are also seeing revitalization.
I support CDFIs because I’ve witnessed the economic development they bring to an underserved community and the people that inhabit these areas.