Community based CDFIs are vital sources of private capital to areas most in need of investment and jobs.
Community based CDFIs are vital sources of private capital to areas most in need of investment and jobs.
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.
CDFIs bridge an important gap in capital between fully bankable and not yet bankable deals reaching out to Socially and Economically Disadvantaged Individual business owners to grow our economy.