The Department of the Treasury's Community Development Financial Institutions Fund awarded $213,497 under the Small Dollar Loan Program (CFDA 21.025) to Cen-Tex Certified Development Corporation on September 27, 2022. The award will provide grant funding through June 30, 2026 to establish a loan loss reserve and support technical assistance activities to enable the recipient to establish and maintain a small dollar loan program. Specifically, the loan loss reserve funding will help defray costs of starting or sustaining a program offering alternative, affordable small loans to underbanked populations. Concurrently, the technical assistance funding will support technology, staffing, and other eligible efforts needed to launch and maintain such a program. The expected outcomes are increased small dollar lending to help build credit and access capital for unbanked and underserved communities, ultimately facilitating greater financial inclusion. There are no sub-recipients involved.
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