Main Street Launch’s Intern – Impact Evaluation & Marketing Linda Ho offers information about how to locate your local CDFIs. In our previous post: What are CDFIs?, we talked about what CDFIs do to help strengthen communities’ economy. In this pody, we are going to discuss the importance of CDFIs to our communities and…
OBDC is proud to be a Community Development Financial Institution (CDFI), but we find many people don’t understand what CDFIs are of how they have an impact in local economies. Here are some CDFI myths dispelled:
NerdWallet (@smallbiznerds on Twitter), recently posted an article describing important differences between community lenders like OBDC and traditional lenders, like commercial banks. This great post features OBDC’s Scott Lewis, and makes important distinctions that small businesses seeking capital should be aware of. Click here to read the full article.
Two independent reports were recently released finding that Community Development Financial Institutions (CDFIs) are a critical component of the financial services industry, to ensure low-income people have access to credit and capital.
A recent report from McKinsey & Co demonstrates that diversity in a company’s leadership is not just nice to have, but actually has a strong relationship to better financial performance.
Some OBDC staff members just returned the annual Opportunity Finance Network (OFN) conference in Denver, Colorado. OFN is a national membership organization that supports community development financial institutions like OBDC. This was an exciting year for the conference because it marked OFN’s 30th anniversary.