Community Development Financial Institutions (CDFis) are an important piece of infrastructure for building strong local economies. CDFIs function as a different kind of lending organization. Unlike traditional banks, they operate with a mission to serve low-income people and build wealth in underserved communities. By combining funding from government, foundations, and individual donors, CDFIs make it possible for low-income people and communities to gain access to non-predatory financial services, individual savings, small business development, and affordable housing.
This video introduces Lowcountry Housing Trust and Access to Capital for Entreprenuers (ACE), two successful CDFIs that are helping Southern people and places move out of poverty. Meet the staff of these CDFIs and hear stories from the individuals whose lives and communities are stronger because of their products and services.
For more information on investing in CDFIs, read our report Community Development Financial Institutions: A Study on Growth and Sustainability.
To see other CDFIs the Mary Reynolds Babcock Foundation is funding and learn more about our approach to moving people and places out of poverty, please visit our grants page.