U.S. Treasury Grants CDFI Certification to UPI Loan Fund
PHOENIX, May 1, 2024 /PRNewswire/ -- The UPI Loan Fund (UPILF) is pleased to announce its 2024 recertification as a Community Development Financial Institution (CDFI). This U.S. Department of Treasury designation recognizes UPI as a private financial institution providing low-cost consumer and business loans to underserved communities.
- PHOENIX, May 1, 2024 /PRNewswire/ -- The UPI Loan Fund (UPILF) is pleased to announce its 2024 recertification as a Community Development Financial Institution (CDFI).
- The UPI Loan Fund was incorporated in 2004 and modeled on the Jewish Free Loan Program , which began in the 1940s.
- "Because UPI Loan Fund takes social impact and community development into consideration, borrowers outline how their loan will benefit their community and contribute to positive social change," said Charmeachealle Moore, founder of ProLiving Inc .
- "Through our CDFI certification and ever-expanding partnerships, UPI is working to close the racial wealth gap by cultivating financial empowerment within our community."