Small Dollar Loan program: A Review of Three Funding Rounds

The CDFI Fund announced the awardees of the FY2023/2024 combined funding round of the Small Dollar Loan Program (SDLP) in April 2024. This is the third funded round of the program and Fund Community Institute has taken this opportunity to review trends within the funding, across all three funding years. In total, the CDFI Fund has now provided 184 awards totaling $40.2MM in grant funds to support CDFIs in establishing and maintaining their small dollar lending programs.

FUND CI hopes that this analysis provides a baseline from which to track the outcomes and impacts of the CDFI Fund’s Small Dollar Loan Program (SDLP) by building an understanding of which entities have received awards, where they are located, and funding strategies used.

Read the full report here.