July 21, 2020
OFN welcomes 19 new member CDFIs
WASHINGTON, DC (July 21, 2020) – OFN welcomed 19 new member Community Development Financial Institutions (CDFIs) to their network of more than 300 other member organizations. Growth Opps is excited to be among the group. OFN provides industry-leading advocacy, financial services, research and marketing support for CDFIs and other opportunity finance practitioners and stakeholders. Growth Opps’ membership will allow it to leverage the collective knowledge of OFN and its other member organizations to increase impact on the community and help in shaping the industry.
Growth Opps was no stranger to OFN. Growth Opps has engaged with OFN as an ally member since 2016. Through this affiliation, Growth Opps has participated in national publications with OFN, in addition to being featured in articles and archives with OFN.
CDFIs are private financial institutions that provide fair, transparent financing and financial education to people and communities underserved by mainstream financial institutions. There are more than 1,100 CDFIs working in all 50 states, the District of Columbia, Guam, and Puerto Rico. OFN’s more than 300 members serve 58% people of color, 85% low-income and 26% rural communities, and 48% women (OFN Annual Member Survey, 2018). Nationwide, the CDFI industry manages more than $222 billion.
“OFN has been a wonderful thought partner and supporter of Growth Opps. Becoming a full member is one of several ways we can show our appreciation and support for the value OFN brings to the mission-based CDFI community. Our respective organizations learn, grow, and share knowledge together,” said Michael Jeans, Growth Opps President and CEO.
Click here for OFN announcement. To learn more about Growth Opps or to keep up-to-date on new developments and activities, please visit www.growthopps.org, follow us on Twitter, Facebook, LinkedIn and Instagram and subscribe to our channel on YouTube.
About Growth Opps
At Growth Opportunity Partners (“Growth Opps”), we offer community development capital, services and solutions to growing small businesses, primarily located in underserved, low and moderate income (LMI) communities in Ohio. GO Advisory accesses industry expertise and diverse talent to provide the solutions you need to address challenges your company faces. GO Capital is tailored to fund your business model when you need it.
About Opportunity Finance Network (OFN)
Opportunity Finance Network (OFN), the national network of community development financial
institutions (CDFIs), strives to ensure low-income and other under-resourced communities have
access to affordable, responsible financial products and services. Members of OFN are CDFIs
that deliver responsible lending to help low-income communities join the economic mainstream.
Through 2018, OFN’s network originated $74.2 billion in financing in rural, urban, and Native
communities. This financing has helped to create or maintain more than 1,560,000 jobs, start or
expand more than 419,177 businesses and microenterprises, and support the development or
rehabilitation of 2.1 million housing units and more than 11,500 community facility projects. For
more information visit www.ofn.org.