New Study: Community Investing Pays
Posted by on October 18, 2002
[For the full article, please visit http://www.socialfunds.com/news/article.cgi?sfArticleId=945]
Conventional wisdom holds that loans to low-income borrowers carry a higher risk of default than conventional loans. However, a new study commissioned by the Community Investing Program, a joint project of the Social Investment Forum (SIF) and Co-op America, offers contradictory evidence. The study, entitled CDFIs: Bridges Between Capital and Communities, finds that community development financial institutions (CDFIs) actually have a better payback rate than commercial banks. CDFIs provide community investing loans to low- and middle-income borrowers and the businesses that serve these populations.
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