What do you know about the historical background of
Development Financial Institutions (DFIs)?
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Answer Posted / kanika
A Community Development Financial Institution, or CDFI, is
a unique entity established to provide credit, financial
services, and other services to underserved markets or
populations. Under the general definition of a community
development financial institution as set forth by the
Community Development Financial Institutions Fund at the
U.S. Department of the Treasury, a CDFI has a primary
mission of community development, serves a target market,
is a financing entity, also provides development services,
remains accountable to its community, and is a
nongovernment entity.
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