cdfis provide opportunity. for all. · ofn-infographic-v12_clean_122215 author: nick burstein...
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institutions. Like banks, their net charge-off rate was less than 1.0%
CDFIs ProvideOpportunity.For All.THE ECONOMIC RECOVERY IS ENCOURAGING FOR MOST AMERICANS, BUT
IN 44 STATES POVERTY
RATES ARE STILL AT
RECESSION LEVELS1..
Opportunity Finance Institutions: Side by Side
Published annually by Opportunity Finance Network, this report provides key statistics and essential analysis of the more than 200 CDFIs who are Members of OFN. It provides insight into the industry and is an essential reference for
FREE to OFN Members and Allies, Side by Side can be found at ofn.org/publications.
<1% NET CHARGE-OFFS
Community development financial institutions (CDFIs) are dedicated to providing opportunities to underserved people and communities.
All data referenced below comes from OFN Annual Survey of Membership unless otherwise noted. Publications that include survey data include: Side by Side, Fiscal Year 2014, Seventeenth Edition.
Cdfis Invest In America
$3.8 billion
In 2014 alone, OFN Member CDFIs provided $3.8 billion
to low-income individuals and communities.
CDFIs Target UnderservedPopulations
CDFIs are Performance Oriented
RURAL
27%
WOMEN
48%
people of color
48%
LOW-INCOME
73%
1 Source: State of the States, The Stanford Center on Poverty and Inequality, 2015
143,000 BUSINESSESAND MICROENTERPRISES
934,000 JOBS CREATEDOR MAINTAINED
1.5 MILLION HOUSING UNITS 9,800 COMMUNITYFACILITIES
CDFIs Create Tangible Impact
Cumulative outcomes for OFN Member CDFIs, 1985–2014
Since 1985, OFN Member CDFIs have provided more than
$42 billion in responsible, affordable lending across the country.
2014-