CBA Fund, Credit Builders Alliance’s Community Development Financial Institution (CDFI) intermediary, aims to build capacity of nonprofits to provide safe and affordable small dollar consumer loans and credit building products as an alternative to predatory loans. CBA Fund is providing loan capital, capacity building grants, and technical assistance to select nonprofits so they can offer small dollar consumer loans especially to people who have traditionally lacked access to safe and affordable capital.
CBA Fund will provide up to $150,000 in low-cost loan capital, capacity building grants of up to $8,000, and technical assistance to organizations to provide accessible, safe, and affordable consumer loans. The application deadline is August 16, 2024.
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