According to CDFI Fund (U.S. Department of Treasury) a certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions. CDFIs provide a unique range of financial products and services in economically distressed target markets, such as commercial loans to entrepreneus or expanding businesses in low-income areas. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions such as loan and venture capital funds. CDFI certification is a designation conferred by the CDFI Fund. Our MicroLending it’s a CDFI which serves the distressed target market of South Florida, where helps thousands of entrepreneurs, mainly hispanics and low income communities from the Florida Keys to West Palm Beach. Take a look of our website www.ourmicrolending.com (Learn about the CDFI Fund in http://www.cdfifund.gov/what_we_do/programs_id.asp?programID=9)
What’s a CDFI? What you need to know about them
Published On - July 17, 2013
