Financial success requires access to basic economic tools, and low-income communities have historically faced more obstacles to accessing these tools.

This is where CDFIs — or Community Development Financial Institutions — enter the picture. CDFIs are certified by the U.S. Treasury and can be banks, credit unions, or loan funds that service economically distressed communities. Minority Depository Institutions, or MDIs, are also an incredible resource in low-income communities. These are financial institutions primarily owned by members of a minority group.

Access to capital is transformative for any business but can often have an outsized impact on smaller enterprises. By investing in these financial institutions, we aim to help minority-owned small businesses grow through finance. We also aim to expand access to savings, home loans, and other financial tools for unbanked and underbanked individuals. Strengthening both small businesses and individuals can in turn help entire communities thrive.