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What do you know about the historical background of
Development Financial Institutions (DFIs)?
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cdfi community development financial institutional works
for the development of banking sectors as it is playing a
very imp role in welfare of the banking as the technology
has been vastly developed the banking sectors has become the
growing sectors for the welfare of the custoumers and safety
for the money they invested
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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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