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.
Thursday, November 14th, 2019 at 12:00am
MBF #SmallBizTips: Get found on Google. No matter what kind of business you have, Google is typically the first place people search. Here are five things you can do to improve your search visibility. https://t.co/5jkEhlzbxm https://t.co/eG1OL44P2r
Wednesday, November 13th, 2019 at 12:00am
MBF #loanrecipient @groovinbean1 will be having their grand opening this Saturday, November 16! Join them at 11 AM and enjoy complimentary coffee, live music, face painting, beignet decorating station, and more. https://t.co/xEKMMmL8dE
Tuesday, November 12th, 2019 at 6:30am
MBF #SmallBizTips: Join MBF and @scoremiami's "Developing Your Business Plan" Workshop to learn the step-by-step process of developing a Business Plan. https://t.co/vf3peIfEyJ. https://t.co/QivSH03YD2
Friday, November 8th, 2019 at 12:00am
Thank you @yorknewstimes for mentioning in your recent article how MBF provides financial and educational support for minority entrepreneurs! https://t.co/ZfvWKD99Sb

Make a Donation

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