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How CDFIs represent what is possible for underserved communities

How CDFIs represent what is possible for underserved communities
cuinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cuinsight.com Daily Mail and Mail on Sunday newspapers.

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Does Ziggy Die in Fear Street Part 2: 1978? | POPSUGAR Entertainment

Does Ziggy Die in Fear Street Part 2: 1978? | POPSUGAR Entertainment
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PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity

PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity
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SAN JOSE, Calif., June 2, 2021 /PRNewswire/  PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union,  OneUnited Bank, Self-Help Federal Credit Union, CNote s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal s $535 million commitment to strengthen Black businesses and underserved communities, and help drive financial health, access and generational wealth creation. ....

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Women of Color - The Investment Opportunity of this Century

Women of Color - The Investment Opportunity of this Century
by Catherine Berman, CEO and Co-founder of CNote
Many of us have come to realize that racial equity requires much more than intentional conversations and thoughtful grants. These are important efforts and should not be discounted, but they are not panaceas. There is a
moral imperative to address the disparities experienced by Black and Brown men and especially women in the US with action and systems change.
I want to suggest a new tool for your toolkit – and one that does not start from the place of “helping them.” It starts from a place of providing equitable access to the resources women of color need to create economic opportunity for themselves and their communities from within. It starts from “what the hell were we thinking all these years?” ....

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CNote Celebrates Five-Year Anniversary, Thousands of Jobs Created in Underserved Communities

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OAKLAND, Calif., April 22, 2021 /PRNewswire/ CNote, a women-led community investment platform with a mission of closing the wealth gap, today celebrates its fifth year in operation. CNote partners with Community Development Financial Institutions (CDFIs) and mission-driven deposit institutions, which are high-impact local lenders dedicated to delivering financial resources to underserved communities. Dollars invested and deposited on the CNote platform are deployed with these frontline lenders to fund women- and BIPOC-owned small businesses, affordable housing development, and further racial justice and economic development across the United States.
Investments on CNote s platform have created or maintained over 4,000 jobs. In the past 12 months, over 40% of newly deployed capital has gone to women-led businesses and over 50% to BIPOC borrowers. CNote catalogs the on-the-ground impact of its community investments with regular ....

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