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 are the oil in the engine of our economy. They support small businesses with patient flexible capital, when they need it the most; when they are starting out. Without support for these institutions, small businesses will be blocked by high fees, high interest rates, demand payments, and other predatory behavior that impedes and tanks their efforts to grow the US economy.
CDFIs solve for capital access gaps that increase economic opportunities for people and communities who have been excluded from that opportunity.
Since 2011 the RGVMB CDFI has assisted over 140,000 borrowers across the Nation with access to needed capital. This work can only be done with help from the CDFI Fund.
I support CDFIs because I’ve witnessed the economic development they bring to an underserved community and the people that inhabit these areas.