This $231,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Hawaii Federal Credit Union's participation in the Small Dollar Loan Program (CFDA 21.025). Through December 2024, the funding will enable the credit union to establish a loan loss reserve and receive technical assistance to establish and maintain a small dollar loan program. The program aims to increase affordable small dollar lending to underbanked and unbanked populations, helping them build credit and access mainstream financial services. No sub-recipients are involved. The grant products and services are expected to advance the Small Dollar Loan Program's goals of promoting greater financial inclusion and access to capital for credit-constrained consumers.
Generated 1/7/24, 12:10 AM