Community based CDFIs are vital sources of private capital to areas most in need of investment and jobs.
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.
Community based CDFIs are vital sources of private capital to areas most in need of investment and jobs.
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.
The CDFI Fund has made it possible for our credit union to put funding in the hands of Iowans of modest means who absolutely need it most.
CDFIs are filling in gaps in the capital markets that make financing more widely accessible and contribute to greater economic prosperity for all.