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.
CDFIs provide the flexible and essential financing for community development, affordable housing, small business and nonprofits that other lenders dont serve. They connect communities with capital.
To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
The CDFI Fund helps us at Cooperative Federal provide programs for home ownership, small business, consumer credit and financial education for our community, which helps to strengthen the local economy through giving the public access to said services. During a time of high inflation and economic unease, it is more crucial than ever that we continue to be enabled to provide this aid. While I work for Cooperative Federal itself, I have also been a member for several years prior and their free financial education helped me directly to improve my financial situation. Without these programs, people who are already struggling and often cannot afford out of pocket financial education/counseling have nowhere to turn. If we as a country want to achieve greatness, we need to be serving the American people, not stripping them of their ability to raise themselves up!