Our mission would be to help low-income and extremely low-income households, communities and companies with additional usage of money and literacy that is financial providing below-market price monetary services 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 during these communities.
CDF exposed the very first and just nonprofit, full-service, stand-alone check cashing shop in the united kingdom in might 2009, within the Fruitvale neighbor hood of Oakland, Ca.
Our storefront, called Community Check Cashing (pictured, left), offers below-market rates, minimal costs, and an extensive variety of economic solutions, including coaching that is financial 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 where the check cashing solutions part of the operations are financially sustainable through acquired income when using contributions and funds to guide the mentoring, social solutions and management.
CDF’s programs have actually shown to save yourself customers a deal that is great of separately every year – we estimate a yearly cost cost savings towards the community of $150,000 to $200,000 from our reduced rates as well as other solutions. This amounts to about $1.2 million in cost savings into the neighbor hood since we launched last year.
CDF happens to be taking part in numerous revolutionary programs with its history that is short through and developing brand brand new programs. Leer más