NJ02 Stories and Data

CDFIs provide responsible and affordable loans to individuals, businesses, and organizations that are unable to obtain financing from conventional banks – not because they aren’t worthy of a loan, but because their risk profile doesn’t fit the more rigid criteria used by conventional banks. This is an essential service for making sure loan capital reaches deserving borrowers with unconventional loan applications. And because CDFIs disburse loans instead of grants, they offer a sustainable solution to financing and teach borrowers how to manage budgets and pay back their loans.

As an emerging CDFI offering funding and technical assistance to uplift underserved communities and our economy the CDFI appropriation is imperative.

CDFIs are extremely effective at providing access to capital and services to communities in rural and metropolitan areas, raising and leveraging private funding, to create effective solutions to meet the most challenging needs.