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.
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.
CDFIs provide a critical service to low-income entrepreneurs who are generally excluded from traditional financing to receive business training services and access to affordable capital to help them start their own microenterprises and thus improve their family’s and community’s economic stability.
[The CDFI Fund] provides a vital funding source which enables our organization to sustain and start-up businesses in our rural SD communities. Without that support, our rural communities would die because there would be nothing to keep our young families in the communities. The opportunities they need for their careers would be gone.