Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services to underserved communities. They aim to promote economic development by offering loans, investments, and financial education to individuals and businesses that may not qualify for traditional banking services.
CDFIs focus on revitalizing low-income areas and supporting local entrepreneurs. They often work in partnership with government agencies and private investors to increase access to capital, foster job creation, and enhance community well-being. By addressing the unique needs of their communities, CDFIs play a crucial role in promoting financial inclusion and sustainable development.