1. Opportunity Finance Institutions: Side by Side can be found at ofn.org/publications.
Community development financial institutions (CDFIs)
are dedicated to providing opportunities to underserved
people and communities.
All data referenced comes from OFN Annual Survey of
Membership unless otherwise noted. Publications that include
survey data include: Side by Side, Fiscal Year 2013, Sixteenth Edition.
RURAL
24%
WOMEN
49%
MINORITIES
52%
LOW-INCOME
73%
1
Source: State of the States, The Stanford Center on Poverty and Inequality, 2015
Cdfis Invest In America
$3.6 billion
In 2013 alone, OFN Member CDFIs provided $3.6 billion
to low-income individuals and communities.
Since 1985, OFN Member CDFIs have provided more than
$34 billion in responsible, affordable lending across the country.
CDFIs Provide
Opportunity.
For All.
THE ECONOMIC RECOVERY IS
ENCOURAGING FOR MOST
AMERICANS, BUT IN 44 STATES
POVERTY RATES ARE STILL
AT RECESSION LEVELS1
.
CDFIs Target
underservedpopulations
CDFIs create
tangibleimpact
720,000 JOBS CREATED
OR MAINTAINED
120,000 BUSINESSES
AND MICROENTERPRISES
9,500 COMMUNITY
FACILITIES
1.5 MILLION HOUSING UNITS
Cumulative outcomes for OFN Member CDFIs, 1985–2013
CDFIs arePerformanceOriented
<1% NET CHARGE-OFFS
In 2013 CDFIs’ results were on par with mainstream financial
institutions. Like banks, their net charge-off rate was less than 1.0%