CDFIs (Community Development Financial Institutions)

Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services in underserved communities, aiming to promote economic development. They offer loans, investments, and financial counseling to individuals and businesses that may struggle to get traditional bank financing due to factors like low income or lack of credit history. By focusing on social impact, CDFIs help drive job creation, affordable housing, and community development, contributing to the overall economic health of the areas they serve. These institutions play a vital role in fostering financial inclusion and empowering marginalized populations.