NOTE - Community Development Finance Institutions(CDFIs Geographies of Financial Inclusion in the US and UK 1 Introduction The concept of personal

NOTE - Community Development Finance Institutions(CDFIs...

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Community Development Finance Institutions (CDFIs): Geographies of Financial Inclusion in the US and UK 1. Introduction - The concept of personal financial exclusion widely explored through credit unions, LETS, etc - Community Development Finance Institutions (CDFIs) address financial exclusion of enterprise 2. Geographies of Financial Exclusion - Financial exclusion has emerged as a key concept and focuses ‘on the unequal distribution of credit and of banking services over space’ (Dymski, 2005: 441) - The finance gap is where mainstream financial institutions do not or cannot provide affordable finance for micro-enterprises, SMEs and social enterprises - Mainstream financial institutions (re)assessment of risk (Leyshon and Thrift, 1999) - Ongoing financial crisis creating new geographies of financial exclusion 3. The US and UK CDFI Landscape Financial  Institution   Definition   Community Development Credit Unions   Democratic savings and loans cooperative that is owned  members are united by a common bond which could be p a particular sector or community  Community  Development Loan Funds   Operate within specific disadvantaged areas to sanction l enterprises and/or individuals  Community Development Micro-Finance  
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  • Spring '11
  • 111
  • Financial services, Financial Exclusion, Community development financial institution

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