Main Street Launch’s Intern – Impact Evaluation & Marketing Linda Ho offers information about CDFIs. This article was originally posted on January 10, 2018. WHAT IS CDFI? Community Development Financial Institutions (CDFIs) provide access to financial services for local residents and businesses, sharing a common goal of expanding economic opportunity in low income communities.…
Community Development Financial Institutions (CDFIs) are mission-driven financial institutions that serve communities and individuals who have not yet had access to traditional financial services, like bank loans. Our organizations typically are focused on serving our clients, so we rely on the work of other organizations to do larger advocacy work that will benefit our clients…
Community Development Financial Institutions (CDFIs) may have the flexibility to create new loan products to better serve their communities. Concessionary loan capital is one such type of new loan product. Concessionary loans are loans that offer more generous terms than market rate loans. These terms may be lower interest rates, a longer pay-back period,…
Community Development Financial Institutions (CDFIs) support local economies by investing in under-invested areas. Main Street Launch is proud to be a CDFI serving low-to-moderate income communities in Oakland and San Francisco. The CDFI Fund identifies counties across the country that experience “persistent poverty” (defined as any county that has had 20% or more of…
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…
