The Department of the Treasury's Community Development Financial Institutions Fund awarded $280,000 under the Small Dollar Loan Program (CFDA 21.025) federal grant to Cani's Center For Community And Economic Development, Inc., doing business as Brightpoint Development Fund, on September 23, 2021. Through this project grant, Brightpoint Development Fund will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. The loan loss reserve and technical assistance will enable Brightpoint to provide alternative financing options to underbanked populations, help build credit histories, and increase access to affordable capital and mainstream financial services. The expected outcomes are an expansion of small dollar lending of less than $100 to support financial inclusion and credit access for communities in need. No subrecipients are involved in delivering the program's services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $280.0k | 9/23/21 |