Project Grant 22SDL060622G

Award Date 9/27/22
Completion Date 9/30/25
Dollars Obligated $193K
Federal Grant Program
21.025
Assistance Type
Project Grant
Place of Performance
United States
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The Latino Economic Development Corporation of Washington DC was awarded a $193,024 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Small Dollar Loan Program (CFDA 21.025).

Through this award, the Latino Economic Development Corporation will establish a loan loss reserve and provide technical assistance to enable the organization to establish and maintain a small dollar loan program. The small dollar loans are intended to provide an affordable alternative to high-cost small dollar loans and help unbanked and underserved populations build credit and access mainstream financial services. No subrecipients are involved in delivering the funded services. The grant period runs from September 27, 2022 through September 30, 2025.

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