Community Development Financial Institutions (CDFIs): Everything you need to know

Community Development Financial Institutions, often called CDFIs, are the unsung heroes of financial empowerment and community growth. This guide will delve into what CDFIs are, who they serve, their benefits, how they help people, and where to find them.

What are CDFIs?

CDFIs are specialized financial institutions dedicated to providing affordable financial services to underserved communities. They are typically non-profit or mission-driven organizations that aim to foster economic development and revitalization in low-income areas.

Who do CDFIs serve?

CDFIs primarily serve individuals and businesses in economically disadvantaged communities that lack access to traditional banking services. These communities may include rural areas, urban neighborhoods, Native American reservations, and minority populations.

 

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