How City First Enterprises is Transforming Communities

Social justice organizations have long been working to bridge the gap between those who are economically secure and those who are struggling to make ends meet. However, one organization stands out from the pack for its innovative approach to creating economic opportunity. City First Enterprises is a nonprofit bank holding company and incubator of social finance solutions located in Washington, D.C., that promotes social justice by increasing economic access and expanding opportunity for low-wealth communities. Let’s take a closer look at how this organization is transforming communities throughout the United States.

The Power of Social Finance Solutions

City First Enterprises develops innovative financial products and services that provide pathways to economic security for underserved families and individuals. By offering lower cost credit products, deposit accounts, and other banking services, they help people build assets and increase their financial stability over time. In addition, they also offer technical assistance to help low-income entrepreneurs start or grow their businesses. This includes training on topics such as accounting, marketing, taxation, legal issues, business planning, and more.

Social Impact Investing

City First Enterprises also works with local government agencies to create impact investments that generate returns while providing measurable social benefits such as job creation or environmental protection. These investments are used to support organizations working in areas such as affordable housing development, small business lending and job training programs for individuals with criminal records seeking employment opportunities. By investing in these projects that benefit the community—rather than simply making donations—City First Enterprises has been able to make an even greater impact in local communities across the country.

Creating Economic Opportunity

The goal of City First Enterprises is simple: create economic opportunity through access to capital for low-wealth communities while helping them build assets over time so they can achieve financial security. Through its innovative approach of combining traditional banking products with social finance solutions, City First Enterprises is helping to level the playing field by giving underserved populations access to resources that were previously out of reach due to lack of income or credit history.

By investing in impactful projects that benefit local communities instead of simply making donations, City First Enterprises has been able to make a greater difference in the lives of underserved populations throughout the country by providing them with increased access to capital and resources needed to achieve financial security over time. With its emphasis on increasing economic opportunity through creative social finance solutions, City First Enterprises is proving itself as an invaluable resource in bridging the gap between those who are economically secure and those who need extra help getting there. Community leaders and entrepreneurs should take note; this organization may be just what your community needs!

Contact Information

Oswaldo Acosta

CEO

1 Thomas Circle, NW STE 700

Washington, DC 20005--580

http://www.cfenterprises.org

info@cfenterprises.org