The Lake Superior Community Development Corporation was awarded a $119,324 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the organization to establish a loan loss reserve and provide technical assistance to support a small dollar loan program through September 2025. The program aims to increase access to affordable capital and credit building opportunities for underbanked and unbanked populations through CDFI-administered small dollar loans as an alternative to high-cost options. No sub-recipients are involved in delivering the funded services.
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