Our objective is always to help low-income and extremely low-income households, communities and companies with an increase of usage of money and financial literacy by offering below-market price monetary services and products to low-income, underserved and unbanked individuals in communities every-where. Additionally, it is our objective to generate brand new partnerships and help other organizations in increasing use of money in these areas.
CDF started the very first and just nonprofit, full-service, stand-alone check cashing shop in the nation in might 2009, within the Fruitvale community of Oakland, Ca.
Our storefront, called Community Check Cashing (pictured, left), offers below-market prices, minimal costs, and a diverse selection of economic services, including monetary mentoring and business solutions — all created to greatly help low-income families go out of poverty. We run the shop for a social enterprise model: a nonprofit check cashing organization when the check cashing solutions element of the operations are financially sustainable through gained income while using the contributions and funds to aid the mentoring, social solutions and management.
CDF’s programs have actually demonstrated to conserve clients a deal that is great of independently every year – we estimate a yearly cost savings into the community of $150,000 to $200,000 from our reduced costs along with other services. ادامه خواندن “Community developing Finance is just a 501c3 organization that is nonprofit in California”