This $122,256 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the establishment and maintenance of a small dollar loan program through the Small Dollar Loan Program (CFDA #21.025). The grant provides funding to United Bank, a certified Community Development Financial Institution, for loan loss reserves and technical assistance activities that will enable the provision of alternative, affordable small dollar loans to underbanked and unbanked populations. Expected outcomes include increased small dollar lending to help build credit and access capital for these groups. The grant period runs from September 23, 2021 through December 31, 2024.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $122.3k | 9/23/21 |