CDFIs are extremely effective at providing access to capital and services to communities in rural and metropolitan areas, raising and leveraging private funding, to create effective solutions to meet the most challenging needs.
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 extremely effective at providing access to capital and services to communities in rural and metropolitan areas, raising and leveraging private funding, to create effective solutions to meet the most challenging needs.
Our local CDFI has been essential to supporting our organization, our members and so many people in our community who have struggled to access capital and financial services. They understand how to work with our communities and have assisted so many first time home-buyers and new businesses in getting on track and being financially stable. For many of our members this is where they’ve opened their first bank account and learned how to manage their finances.
CDFIs are an important part of the economic system and help deploy money to underserved communities, bringing needed resources such as affordable housing, health care, quality education, etc.
CDFIs (Community Development Financial Institutions) are essential for ensuring access to capital in underserved communities. These institutions are not just important; they are vital to the small business ecosystem and represent significant assets for our local and national economies. By supporting underserved entrepreneurs, we actively create opportunities for all and empower individuals to achieve the American dream of growth and prosperity.