The History of Community Development Financial Institutions
December 4, 2018 | Article | Impact Investments

A history of Community Development Financial Institutions (CDFIs), which enhance access to capital in under-resourced communities, traces their trajectory from Benjamin Franklin’s microlending, to credit unions, to grassroots support for CDFIs, and, ultimately, national policy support. The book Democratizing Finance: Origins of the Community Development Financial Institutions Movement includes discussion of MacArthur’s leading role in building this field from its earliest days. Author Clifford Rosenthal was interviewed on the Opportunity Finance Network about the MacArthur-supported book and hopes it serves as a resource for investors, policymakers, and researchers.

Stay Informed
Sign up for periodic news updates and event invitations.
Check out our social media content in one place, or connect with us on Twitter, Facebook, YouTube, and LinkedIn.