The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $383,223 Project Grant to Cani's Center For Community And Economic Development, Inc. (operating as Brightpoint Development Fund) under the Small Dollar Loan Program (CFDA 21.025). The grant enables Brightpoint Development Fund, a certified CDFI, to establish and maintain a small business loan program that provides affordable alternatives to high-cost small dollar loans. The funding supports the organization's efforts to help unbanked and underbanked populations build credit, access affordable capital, and integrate into the mainstream financial system. Specifically, the grant will be used to create loan loss reserves and deliver technical assistance to facilitate the delivery of small dollar loans in underserved communities across the United States.
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