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
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.
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 are a vital source of capital for the small and micro businesses in our communities, businesses that typically aren’t at the scale to be served by the large banks. They create jobs, generate taxes and keep our communities and economy vibrant and strong.
CDFIs and Credit Unions help people of modest means when other FI’s do not. We are the last bastion of hope in banking for the little guy.
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.