The Department of the Treasury's Community Development Financial Institutions Fund awarded Pathstone Corporation $105,000 under the Small Dollar Loan Program (CFDA 21.025) from September 2021 to September 2024. The funding will enable Pathstone Enterprise Center, Inc. to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative financing model, the awardee aims to increase access to affordable capital for underbanked populations and help them build credit history. Expected outcomes include greater financial inclusion and movement into the mainstream banking system. As the sole recipient, Pathstone will directly deliver the small dollar loans and associated support services without subawards.
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