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What is a CDFI?

April 26, 2017cdfi

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What is a CDFI?

1 Answer

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10 Posted

A community development financial institution (CDFI) is a private sector, financial intermediary (nonprofit or for profit) with community development as its primary mission. A CDFI provides capital for low income communities and individuals who cannot access the services offered by traditional financial institutions such as banks and credit unions. There are six basic types of CDFIs: community development banks, community development loan funds, community development credit unions, microenterprise funds, community development corporation-based lenders and investors, and community development venture capital funds.