How to Contribute
CDFI Memphis is a collaborative of CDFI organizations dedicated to providing products and services to underserved families and businesses throughout Memphis. By choosing to invest in CDFI Memphis, you are helping to improve the success of our communities and offer them hope for the future. You have the opportunity to contribute to the continued success of our collaborative by investing your time and financial or grant donations. Banking institutions may also receive favorable consideration from CRA (Community Reinvestment Act) when they contribute.
How Banks Benefit
Like permanent capital, EQ2 enhances a CDFI’s lending flexibility and increases its debt capacity by protect- ing senior lenders from losses. Unlike permanent capital, the investment must eventually be repaid and requires in- terest payments during its term, al- though at a rate that is often well be- low market. The equity equivalent is very attractive because of its equity- like character, but it does not replace true equity or permanent capital as a source of financial strength and independence.
We would like to thank the Assisi Foundation for their time, dedication and leadership in the establishment of CDFI Memphis.