CDFI (Community Development Financial Institution)

CDFIs are government-accredited banks and credit unions that lend to small businesses and provide loans to those who are not served by traditional banks. They are deeply embedded in their communities. To be an accredited CDFI, a bank or credit union must give at least 60% of loans to low-income individuals or communities. According to the Opportunity Finance Network, 85% of CDFI clients are low-income, and nearly 60% are people of color.

Learn how you can invest in CDFIs.