Community Development Financial Institutions (CDFIs)

Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services in underserved communities. They primarily focus on offering loans, investments, and financial education to individuals and small businesses that may not qualify for traditional banking services. By supporting economic development and creating jobs, CDFIs aim to enhance the quality of life in low-income areas. They also promote affordable housing, community facilities, and small business growth, ultimately fostering stronger, more sustainable communities. CDFIs often receive funding from the government and private sources to help them achieve their mission.