We ask for your support because CDFIs are a reliable and thoroughly vetted resource to urban, suburban, and rural communities across the country, ensuring businesses and homebuyers have access to capital that helps alleviate generational poverty.
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.
We ask for your support because CDFIs are a reliable and thoroughly vetted resource to urban, suburban, and rural communities across the country, ensuring businesses and homebuyers have access to capital that helps alleviate generational poverty.
As an emerging CDFI serving the state of MN with small dollar consumer lending, this funding is essential to us to help combat predatory lending that strips wealth from low-income communities and allows us to provide stabilizing capital to communities to stay housed, employed, and (re)build credit to reach their asset building goals (e.g. car and home ownership) for the future.
We want ALL entrepreneurs to have access to capitol to support their businesses. Especially those that may be deemed unbankable.
CDFIs are a great, cost-effective way to support development in rural, suburban and urban communities in a public/private finance model heavily weighted to the private side. In our case in enabled locating our manufacturing plant in an area where people needed jobs.