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Reference.org
Community development bank
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<p>A community development bank (CDB) or Community Development Financial Institution (CDFI) is a <a href="/facts/Development_bank/1NBj7rPI">development bank</a> or <a href="/facts/Credit_union/Wk1eRyfr">credit union</a> that focus on serving people who have been locked out of the traditional financial systems such as the <a href="/facts/Unbanked/0PYcHKcb">unbanked</a> or <a href="/facts/Underbanked/KrrF94Ql">underbanked</a> in deprived local communities. They emphasize the long term development of communities and provide loans such as <a href="/facts/Micro-finance/AfzqeeLR">micro-finance</a> or venture capital. </p><p>In the United States these became popular after 1994 when the <a href="/facts/US_Congress/mJlU46K7">US Congress</a> created community development banks and allowed them to get funding at very low rates from the US treasury. </p>