CDFI (Community Development Financial Institutions)

Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services to underserved communities and individuals who may have limited access to traditional banks. They play a crucial role in promoting economic development by offering affordable loans, investments, and financial education. CDFIs focus on supporting small businesses, affordable housing, and community facilities, fostering local growth and stability. Funded through a combination of private and public sources, they aim to create lasting positive impacts in the communities they serve, helping to reduce poverty and promote financial inclusion.