We are a nonprofit Chamber of Commerce that does microlending for small businesses. We work with a CDFI bank and are trying to get CDFI certification.
We are a nonprofit Chamber of Commerce that does microlending for small businesses. We work with a CDFI bank and are trying to get CDFI certification.
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.
I run a consulting firm that supports CDFIs in their critical work to ensure access to credit and enhanced economic opportunity and job creation. The unique public-private partnership model of CDFIs warrants bipartisan support.