The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Prosperus Detroit Micro Lending under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2023 to build Prosperus Detroit's organizational capacity to serve low-income communities and individuals in the United States who lack adequate access to affordable financial products and services. Eligible technical assistance activities include compensation for personal and professional services, travel, training, equipment, supplies, and incorporation costs. The goal is to promote economic revitalization and community development by strengthening this certified Community Development Financial Institution's ability to provide financial services and products to its target markets. No subrecipient activities were indicated.
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