To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
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.
To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
We chose a mobile home because of the convenience and ease of one-floor living. The result of our move is that we now have a place that meets our physical and social needs as we age… Working with Capital for Change [CDFI] was quite the experience! What an excellent program that makes housing affordable to all!
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.
Native CDFIs are a critical/integral part of the financing infrastructure in Native communities and they make the most important investments and achieve the most impressive impacts in Native communities. They are directly responsible for enhancing financial literacy/capability, for creating access to capital, for increasing homeownership and building homes, and for providing technical and financial support for entrepreneurs and businesses. Even when traditional banks operate in or near Native communities, they often lack the understanding of the Native culture and complexities of providing financial services in Indian Country. Native CDFIs have emerged to help address the credit and capital challenges and provide Native communities and residents with an alternative to mainstream banks. Our Native CDFI, Four Directions Development Corporation has been a tremendous asset to the Native communities in Maine. We started out with $250,000 in capital in 2002 and over the past twenty + years, Four Directions has lent out over $25 million in capital to first-time homebuyers, new and emerging entrepreneurs and businesses, for tribal community development such as tribal wellness centers, family housing, elder housing and community facilities and infrastructure. Native CDFIs are a fundamental aspect of tribal development, a critical strategic financing partner for building a robust and sustainable economy in Indian communities nationwide.