Community Development Loan Funds (CDLFs) make the largest area of ​​community development finance industry, with more than 800 certified CDLFs. Ninety-eight percent of CDLFs are nonprofit, mainly for small businesses, with the help of the CDFI Fund, the Small Business Administration, and increasingly mainstream banks. CDLFs venture into risky areas where others fear to go sometimes, but they have a high payback numbers and low default rates.

Community Development Loan Funds (CDLFs) make the largest area of ​​community development finance industry, with more than 800 certified CDLFs. Ninety-eight percent of CDLFs are nonprofit, mainly for small businesses, with the help of the CDFI Fund, the Small Business Administration, and increasingly mainstream banks. CDLFs venture into risky areas where others fear to go sometimes, but they have a high payback numbers and low default rates.
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from
Gregory Fairchild,
Jackie Kennedy Thomas
11 pages.
Release Date: 8 April 2009. Prod #: UV2022-PDF-ENG
Breaking Down Barriers, rebuilding walls: The role of Community Development Loan Funds HBR case solution

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