Posts tagged Donna Fabiani - OFN
ImpactPHL Perspectives, Volume 16: Investing for Social Impact: Community Development Financial Institutions

Most low-income communities in the U.S. have access to an important resource that few people outside of these communities know: a CDFI (community development financial institution). CDFIs are private community lenders dedicated to delivering social and economic impact by providing responsible, affordable financing to disinvested people and communities. Why are CDFIs important? If you live in a community whose streets are dotted with check cashers, liquor stores, and blighted buildings, chances are there are few if any bank branches and very little investment overall. Without access to capital, residents can’t start or grow a business, purchase or rehab a home, or oftentimes, have access to quality childcare and healthcare facilities. CDFIs provide access to capital that creates opportunity and leads to real change that wouldn’t otherwise be possible.

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