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Getting Capital to Small Businesses in Low-Income Communities



Heeding the call for greater race and gender equity, policymakers, donors, and investors want to uplift small businesses in underserved communities. But boosting access to capital for business owners of color is easier said than done. In this video, we identify the importance of microloans in meeting firms owned by people of color where they are in terms of their capital needs. And we highlight the work of community development financial institutions (CDFIs) in serving this vital role. Members of the Aspen Institute’s Microfinance Impact Collaborative, for example, issued over 8,300 loans in 2018, 75% of which were to entrepreneurs of color. Learn more: https://www.aspeninstitute.org/programs/business-ownership-initiative/microfinance-impact-collaborative

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