This $281,400 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Lendingworks' Small Dollar Loan Program activities through September 2023. The funding will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to increase small dollar lending to underbanked populations. Through this Small Dollar Loan Program (CFDA #21.025), the awardee aims to...
This $287,417 Project Grant awarded on April 16, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund supports the Small Dollar Loan Program (CFDA 21.025). The grant enables a Certified CDFI or partnership between a Certified CDFI and Federally Insured Depository Institution to establish and maintain small business loan programs. The program's objective is to provide affordable alternatives to high-cost small dollar loans and help unbanked and...
The federal Project Grant award of $252,927 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the CFDA program titled "Small Dollar Loan Program" (21.025), is intended to enable a certified CDFI or partnership between a CDFI and Federally Insured Depository Institution to establish and maintain small business loan programs. The primary objectives of the program are to provide affordable alternatives to high-cost small dollar...
This $117,500 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 aims to increase access to affordable small dollar loans for underbanked populations. Womenventure, a certified Community Development Financial Institution, will use the funding to establish and maintain a small dollar loan program through June...
This $105,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Opportunities Credit Union's Small Dollar Loan Program through December 2024. The Small Dollar Loan Program (CFDA 21.025) aims to increase access to affordable capital and credit-building opportunities for underserved populations through establishing and maintaining small dollar loan programs. Funding will enable the credit union to set up a loan loss reserve and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Community First Fund $235,800 under the Small Dollar Loan Program (CFDA 21.025) on September 23, 2021. Through June 30, 2025, the awardee will use the funding to establish loan loss reserves and provide technical assistance to enable small dollar lending by certified Community Development Financial Institutions. The expected outcomes are increased access to affordable capital and credit-building...
This $415,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Optus Financial Corporation's small dollar lending program through December 2024. Under the Small Dollar Loan Program (CFDA 21.025), the grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to establish and maintain affordable small dollar loans. Such loans help the unbanked and...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Fnbc Bancorp Inc. a $213,497 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. Through this initiative, the recipient aims to increase access to affordable capital and credit-building opportunities for underserved populations. Specifically,...
This $280,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Just Community, Inc.'s Small Dollar Loan Program through December 2024. The Small Dollar Loan Program (CFDA #21.025) aims to increase access to affordable capital and credit-building opportunities for underserved populations through the establishment of loan loss reserves and technical assistance grants to certified Community Development Financial Institutions. Just...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $383,223 Project Grant to Apoyo Financiero, Inc. under the Small Dollar Loan Program (CFDA #21.025). The grant funds will enable Apoyo Financiero to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The program aims to help unbanked and underbanked populations build credit and access the mainstream financial system. The...