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June 9, 2009
The following are two interviews that took place between Pro-Media Communications Founder and President Rochelle Lefkowitz and Opportunity Finance Network (OFN) CEO Mark Pinsky.
OFN is a network of CDfIs, which lend money to people and communities often ignored by mainstream financial institutions. CDFIs are often the engines that drive projects in low-wealth communities.
CDFIs 101 Podcast
In this podcast (CDFIs 101) Opportunity Finance Network CEO Mark Pinsky shares details about Community Development Financial Institutions.
As Mark explains, “CDFIs are private sector financial intermediaries that are dedicated and use the resources to create benefits for low income and low wealth people and places.” Mark then explains the origins of CDFIs as investment tools for socially responsible investors, how CDFIs operate, what vital role they perform in low-wealth communities and the future of CDFIs in light of the recent economic downturn.
CDFIs and Record Funding
In this clip, Mark and Rochelle explore the record-setting stimulus boost CDFIs are expected to receive this month.
Mark explains what the CDFI fund is and why June is proving to be a critical month for CDFIs. Moreover, he explores the reason CDFIs are so vital in the wake of the recent economic downturn.