This $205,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Small Dollar Loan Program. Administered through the CDFI Fund's Small Dollar Loan Program (CFDA #21.025), the grant provides technical assistance and loan loss reserves to enable Iowa Community Capital, a certified Community Development Financial Institution, to establish and maintain a small dollar loan program. The program aims to increase access to affordable small dollar loans for underbanked and unbanked populations, helping them build credit and access $205K in mainstream financial services. No subrecipients are involved. The grant period runs from September 23, 2021 through June 30, 2025.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $205.0k | 9/23/21 |