South Dakota Stories and Data

I support CDFIs because they provide needed capital for small businesses and first-time homebuyers. This capital allows people to build wealth and/or provide a product/service to their community, which leads to economic prosperity for the local area. Because the financing is provided as a loan, clients are equally invested in the success of their home/business.

CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.

CDFIs assist businesses and individuals that often cannot access bank capital. Especially in rural SD access to capital is difficult and the # of small banks have been reduced.