Project Grant 21RRP057630G

Award Date 6/15/21
Completion Date 12/31/23
Dollars Obligated $1.8M
Federal Grant Program
21.024
Assistance Type
Project Grant
Place of Performance
United States
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Akiptan Inc. was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The award will support Akiptan's ability to provide financial products and services to communities in need from June 2021 through December 2023.

The CDFI RRP aims to bolster CDFIs' capacity to address economic hardship resulting from the COVID-19 pandemic. Akiptan will use the funding to prepare for and respond to coronavirus impacts through the delivery of loans, investments, financial services and other assistance to underserved individuals and communities through December 2023.

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