How Loans Sales Can Boost Lending to Low Income Communities
Community development financial institutions (CDFIs) are missionfocused lenders that work to serve lowincome communities. But because CDFIs arent motivated by profits, and their own resources are limited, they often cant 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 Institutes Business Ownership Initiative, Revolve Capital, and the Microfinance Impact Collaborative. Learn more:
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