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Local Capital Markets Investment Fund

A growing gap exists between the financial services available to the economic mainstream and those offered to low-income people and communities. Development financial institutions help bridge that gap by bringing capital and financial services to these underserved people and communities, affording them access to capital to start and expand businesses, build and purchase homes and develop needed community facilities.

CFED, through the Local Capital Markets Investment Fund (LCMIF), served the development finance industry by providing research and funding towards the development, testing, and evaluation of products and services that expand the financial resources, strengthen the portfolio performance, and enhance the impact of these institutions.

CFED was committed to sharing the findings of its investments broadly among practitioners and other financial institutions that provide access to capital in low-income communities. CFED seeks returns through joint ownership of its LCMIF investments rather than a direct financial repayment.