What Does CDFI Stand For?

CDFI stands for Community Development Financial Institutions

Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services and support to underserved communities and individuals. Their mission is to promote economic revitalization and access to capital by offering loans, investments, and financial services tailored to the needs of low-income populations and areas. CDFIs play a crucial role in fostering financial inclusion, creating jobs, and enhancing community development through their commitment to empowering local individuals and businesses.