Certified CDFI

What it means to be a CDFI

Community Development Financial Institutions – or CDFIs – are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.

  • CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from mainstream financial institutions.
  • CDFIs are certified by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund – known as the CDFI Fund. In order to become a certified CDFI, the financial institution must: have a primary mission of promoting community development; provide financial products and services; serve one or more defined low-income target markets; maintain accountability to the community it serves; and be a legal non-governmental entity.
  • All CDFIs share a common mission of serving low-income communities. CDFIs are commonly loan funds, credit unions, community banks, or venture capital funds.
  • Certified CDFIs are part of a national network promoting economic growth in America’s underserved communities by financing businesses, creating jobs, and rebuilding neighborhoods.
  • As a CDFI, MBF puts the community first and values local, economic growth.
Saturday, July 20th, 2019 at 2:57am
#SmallBizTips: Pricing a service business can be tricky. Here are some guidelines to ease the process. https://t.co/v9ClNrnynX
Friday, July 19th, 2019 at 2:30am
@BaysideMktplace @MiamiBaysideFo & @NFTEFlorida sponsored 20 City of Miami High School students for the day. The students went on a scenic tour of Biscayne Bay and enjoyed lunch aboard @IslandQueenMIA. They also learned about running a small business and toured Bayside! https://t.co/uoDjU4yIJf
Wednesday, July 17th, 2019 at 3:00am
Congratulations to Groovin' Bean, MBF’s newest loan recipient! Located in historic Overtown, Groovin’ Bean offers a touch of New Orleans with their homemade beignets. Enjoy with their organic fair-trade coffee creations. #miami #coffeeshop #smallbusiness #historicovertown https://t.co/No7xsMKaJA
Tuesday, July 16th, 2019 at 5:00am
Take advantage of SBA’s Learning Center: sign up for one of their FREE online small business courses. https://t.co/umLkrtsarf

Make a Donation

By contributing to MBF you have an opportunity to impact job creation, encourage economic development and improve the future of Miami.