Community Development Financial Institutions
Page 2

CDFIs could be community development banks, community development credit unions, community development venture capital funds, microenterprise development loan funds, or community development corporations.

In order to validate its existence and function properly, CDFIs need to be certified by the Community Development Financial Institutions Fund, and through these, the CDFIs will then be provided with funds and finances through several programs and initiatives.

CDFIs can provide financial assistance to challenged communities such as small business and underserved populations. The overall mission of the CDFI fund is to provide the American people with accessible, nonetheless affordable, credit, capital, and financial services.

Initially, the CDFI Fund was created for the sole purpose of economic rehabilitation and community development through investing and providing financial assistance to community development financial institutions (CDFIs).

Since its creation in the year 1994, the Community Development Financial Institutions Fund has already administered over $1.4 billion to various community developments and financial institutions.

If you wish to read more about the CDFI Fund, you can visit the its official website at http://www.cdfifund.gov.

Community Development Financial Institutions
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on artist grants and children grants.

Additional Resources

category - Small Business Grants

Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.

---

Getting Money to Start a New Business
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be...

---

Business Loans From GovLoans
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.

---

Disaster Relief Loans from GovLoans
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.

---