Community Development Loan Funds (CDLFs) constitute the biggest sector of the community development finance industry, with more than 800 certified CDLFs.
Ninety-eight percent of CDLFs are not-for-profit, servicing mainly the small business sector, with the aid of the CDFI Fund, the Small Business Administration, and, increasingly, mainstream banks. CDLFs enterprise into high-risk places where others occasionally worry to go, however they've low loss rates and high repayment amounts.
PUBLICATION DATE: April 08, 2009 PRODUCT #: UV2022-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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