Finding a Credit Building CDFI Near You
Community Development Financial Institutions (CDFIs) "are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream” - Opportunity Finance Network.
CDFIs are organizations that provide credit and put the community first. In fact, every year all CDFIs have to track and show their positive impact in the community to keep their CDFI status
For example, the Rio Grande Valley Multibank (RGVMB) offers year-long credit building loans from up to $1000 at 18% interest. The best part is they work with your employer to deduct your loan payments straight from your paycheck!
Many of Fig’s favorite community banks, credit unions and foundations are CDFIs and we’re so excited to share them with you! If you look below, we've made an interactive map of all of the CDFIs in Texas who report credit on their loan payments.
We focused on CDFIs who report credit because working with a lender who reports credit is the easiest way to build credit! All you have to do is make your payments on time and the lender takes care of the rest.
Use our interactive map above to find a CDFI near you who can help build your credit!