Community lending

Community lending is a form of financial support where local organizations or institutions provide loans to individuals or businesses within a specific community. The goal is to promote local development, support small businesses, and address financial needs that larger banks might overlook. These loans often have favorable terms and are designed to strengthen the community’s economy by encouraging sustainable growth and ensuring that residents have access to funding for various projects or initiatives. It’s a way of fostering economic resilience and improving opportunities within a specific neighborhood or region.