Prestamos Cdfi LLC was awarded a $2,478,839 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Prestamos Cdfi LLC's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through June 2028. As a community development financial institution, Prestamos Cdfi LLC utilizes CDFI ERP funding to provide microloans up to $50,000 to women, minority, and low-income entrepreneurs to support small business growth in underserved markets across the United States. The CDFI ERP aims to assist certified Community Development Financial Institutions in responding to the economic impacts of the COVID-19 pandemic.
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