CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
Since its inception in 1994, PeopleFund – a CDFI and SBA Lender – has deployed more than $1.2 Billion in financial assistance in areas that needed jobs and revitalization in Texas. Almost 60% of this growth took place in the last 5 years. We are also the managing member of the Veteran Loan Fund, a collaborative effort of a growing number of CDFIs across the country supporting Veterans and Veteran spouses start and grow their businesses.
CDFIs, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.