CDFIs provide affordable capital to borrowers that may not be able to access credit from mainstream financial institutions. Unlike other non-bank options, CDFI loans are affordable and transparent. And CDFIs take a holistic approach, prioritizing the wellbeing of individual clients and the borrowers that live within them.
CDFIs provide an important unique opportunity support communities by creating opportunities for underbanked companies and individuals to pull themselves up by their bootstrap by creating new businesses, housing and strengthening financial composites
CDFIs have been a vital role in our community by providing low-cost capital to businesses. Capital is not readily available in the rural area I live, so it’s imperative that CDFIs continue to receive funding that helps support small businesses and continue to grow small communities.