Community Development Financial Institutions: Insights From Rural EZ/ECs

Lehn M. Benjamin

No 278824, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Access to financial capital can be a significant barrier to development in poor communities. To address this problem, 18 of the 33 rural EZ/ECs (Empowerment Zone or Enterprise Community) established a community development financial institution (CDFI) as part of their overall development strategy. Four rural EZ/ECs share their strategies in setting up these institutions and in the process offer insight on the factors necessary to make CDFIs viable institutions and effective community development tools.

Keywords: Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
Pages: 25
Date: 1997-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278824

DOI: 10.22004/ag.econ.278824

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