May 25, 2022
ImpactAlpha‘s Dennis Price reports on the performance of impact investments during economic downturns, and cites Aeris’ analysis of CDFI performance during the Covid pandemic.
Community development financial institutions, or CDFIs, experienced some of their fastest-ever growth following the Great Recession, says Aeris’ Matthew Royles. The Philadelphia-based CDFI ratings agency observed a similar pattern during the pandemic, when CDFIs increased their lending activity and grew their capital.
“As patient, mostly non-profit, lenders, CDFI loan funds are able to leverage tools to manage risk and support their borrowers through economic downturns,” with time, technical assistance, and grants, Royles says.
Read the full story at ImpactAlpha.com (subscription required)