Certified CDFI

What it means to be aย 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 Treasuryโ€™s Community Development Financial Institutions Fund โ€“ 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 Americaโ€™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, May 26th, 2018 at 12:00am
MBF #smallbiztips: Getting new customers for your business is hard work, but it's necessary if you want to be successful. Here are 10 ways you can get the attention of new prospects and turn them into loyal customers via @JanetAttard.
https://t.co/sEYEdEHYuQ
Friday, May 25th, 2018 at 4:53am
MBF Scholarship recipients receive certificates from @CityofMiami. Good luck with your studies! ๐ŸŽ“ https://t.co/1zERaZ74DY
Thursday, May 24th, 2018 at 12:00am
MBF #smallbiztips: If you use Powerpoint, here are a few principles and tips to keep in mind via @thisissethsblog
https://t.co/sORSwoXDAo
Wednesday, May 23rd, 2018 at 12:00am
MBF had the pleasure of judging @NFTEFlorida's Miami Dade Semi-Finals. Today, the students are competing at Regionals! MBF wishes the students the best of luck! ๐Ÿ€ https://t.co/2amoO9pLTj
Tuesday, May 22nd, 2018 at 12:00am
MBF #smallbiztips: "If you really look closely, most overnight successes took a long time." Steve Jobs
MBF's free Small Business Training teaches accounting, marketing, information technology, human resources, and more! APPLY TODAY! #mondaymotivation
https://t.co/lg02djXj0U

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