CDFI and Small Business Lending
CDFIs play a critical role in building community wealth for several key reasons:
They provide much needed capital and financial services to people and communities that typically are not fully served by traditional financial institutions. Reflecting this, such institutions are credited with investing billions of dollars in under-serviced areas.
Loans made by CDFIs often enable community members to start or grow a locally-based business, and assist organizations to develop affordable housing, build community facilities, and launch or expand critical community programs.