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Breaking Down Barriers, Rebuilding Walls: The Role of Community Development Loan Funds
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Reference: DARDEN-ENT-0108-E
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Number of pages: 11
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Publication Date: Apr 8, 2009
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Source: Darden University of Virginia (USA)
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Type of Document: Technical Note
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Industry Setting: Banking/Finance/Insurance
Description
Community Development Loan Funds (CDLFs) make up the largest sector of the community development finance industry, with more than 800 certified CDLFs. Ninety-eight percent of CDLFs are nonprofit, servicing mainly the small business sector, with the help of the CDFI Fund, the Small Business Administration, and, increasingly, mainstream banks. CDLFs venture into risky areas where others sometimes fear to go, yet they have high repayment figures and low loss rates.