Community development financial institutions (CDFIs) are mission-focused lenders that work to serve low-income communities. But because CDFIs aren’t motivated by profits, and their own resources are limited, they often can’t meet the demand for loans in their area. How can we boost their capacity and accelerate lending to small businesses in underserved communities? By creating a secondary market for small business loans, we can expand the capacity of CDFIs and give more entrepreneurs the support they need. This is what the Entrepreneur Backed Assets (EBA) Fund aims to do. EBA Fund is a collaborative effort by the Aspen Institute’s Business Ownership Initiative, Revolve Capital, and the Microfinance Impact Collaborative. Learn more about EBA Fund.
Tweet Community development financial institutions (#CDFIs) play a major role in financing #entrepreneurs of color and those in low-income communities. How can we expand their capacity? Learn more from @Aspen_BOI and @EBAFund.
Tweet By creating a secondary market for #smallbiz loans, we can expand the capacity of community development financial institutions (#CDFIs) and give more #entrepreneurs the support they need. Learn more from @EBAFund and @Aspen_BOI.
The Business Ownership Initiative works to build understanding and strengthen the role of business ownership as an economic opportunity strategy. BOI is an initiative of the Economic Opportunities Program.
The Economic Opportunities Program advances strategies, policies, and ideas to help low- and moderate-income people thrive in a changing economy. Follow us on social media and join our mailing list to stay up-to-date on publications, blog posts, events, and other announcements.