This new CDFI’s short-dollars financing has an annual percentage rate of 5 %, without app, origination, closure, or late charges
In the middle-Summer the latest Treasury Company granted $step one.25 mil inside financing so you’re able to 863 CDFIs; 463 financing funds communities obtained awards, and 244 borrowing from the bank unions.
Resource A great Financing, a good CDFI from inside the Rhode Isle, states it will have a transformative impact on its ability to offer unsecured individual and other financing in order to its consumers. (more…)