This $166,702 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Genesis Bank's participation in the Small Dollar Loan Program. The grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to establish and maintain a small dollar loan program. Small dollar loans of under $1,000 help the unbanked and underbanked populations build credit, access affordable capital, and integrate further into the mainstream financial system. No subrecipients are involved. The grant period runs from September 27, 2022 through December 31, 2025.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $166.7k | 9/27/22 |