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Community Development Financial Institutions: Insights From Rural EZ/ECs

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  • Benjamin, Lehn M.

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.

Suggested Citation

  • Benjamin, Lehn M., 1997. "Community Development Financial Institutions: Insights From Rural EZ/ECs," Staff Reports 278824, United States Department of Agriculture, Economic Research Service.
  • Handle: RePEc:ags:uerssr:278824
    DOI: 10.22004/ag.econ.278824
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    References listed on IDEAS

    as
    1. Mikesell, James J. & Wallace, George B., 1996. "Are Revolving Loan Funds A Better Way To Finance Rural Development?," Agricultural Information Bulletins 33713, United States Department of Agriculture, Economic Research Service.
    2. Yolanda K. Henderson, 1989. "The emergence of the venture capital industry," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 64-79.
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