Our CDFI certification and money received has allowed us the opportunity to be of service to the most underserved and marginalized in our community.
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.
Our CDFI certification and money received has allowed us the opportunity to be of service to the most underserved and marginalized in our community.
CDFIs provide responsible and affordable loans to individuals, businesses, and organizations that are unable to obtain financing from conventional banks – not because they aren’t worthy of a loan, but because their risk profile doesn’t fit the more rigid criteria used by conventional banks. This is an essential service for making sure loan capital reaches deserving borrowers with unconventional loan applications. And because CDFIs disburse loans instead of grants, they offer a sustainable solution to financing and teach borrowers how to manage budgets and pay back their loans.
CDFIs provide opportunity for those who would otherwise not have access.
The CDFI Fund has helped us positively impact low-income communities by improving their quality of life with access to low and fair loan financing.