What are CDFIs? Community development financial institutions, or CDFIs, are banks and credit unions that focus on serving people who would otherwise be locked out of the financial system. Unlike financial institutions, CDFIs rely less on credit scores. And they emphasize developing long-term relationships with members of the community to help them gain financial literacy, establish savings...
The article What Are Community Development Financial Institutions? originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/banking/what-is-community-development-financial-institution/
No comments:
Post a Comment