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 2025. Specifically, the grant provides $117,500 for loan loss reserves and technical assistance activities to help defray costs and enable Womenventure to offer small dollar loans. By increasing small dollar lending opportunities, the program intends to help borrowers build credit and access mainstream financial services as an alternative to high-cost loans. There are no sub-recipients involved.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $117.5k | 9/23/21 |