The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $132,595 Project Grant to Woodland Financial Partners Inc., a certified CDFI, under the Small Dollar Loan Program (CFDA 21.025). The grant supports the establishment and maintenance of small business loan programs by enabling Woodland Financial Partners to create loan loss reserves and provide technical assistance. This funding aims to offer affordable alternatives to high-cost small dollar loans, helping unbanked and underbanked populations, particularly in Native American communities, build credit and access mainstream financial services. The grant period extends from April 16, 2024, through December 31, 2027.
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