Quantity—how much did we do? What types of products and services have been developed? The four active CDFIs developed a range of financial products and services. These are listed in the table below. 33: Products and services developed by CDFIs Product Service Outputs # Loan book Support (e.g. value money $ (at 13 mentor, June 2012) business planning) # people In-roads Personal loans Financial education 158 423,180 158 (Community $500-$3,000 Credit history information Sector Banking) unsecured Assistance with debt 24month term renegotiation Referral to other support agencies Fair Finance Personal loans Financial education 61 164,402 122 $1,000-$4,000 Credit history information (flexible) unsecured Assistance with debt 12-24month term renegotiation Referral to support agencies NILS Fair Loans Personal loans Mentor offers telephone 834 1,571,500 604 $1,000-$3,000 and email support with budget unsecured 12 development month term Indigenous Money Mentor offers face to face support with loan applications in Penrith/Blacktown Website has resources (e.g. budget planner, information for debtors, Understanding money website). Many Rivers Small business Enterprise support, business 122 668,545 367 loans $500- coaching and development $20,000 unsecured including bookkeeping and 6month-3year term financial literacy
Quantity—how much did we do? What types of products and services have been developed? The four active CDFIs developed a range of financial products and services. These are listed in the table below. 33: Products and services developed by CDFIs Product Service Outputs # Loan book value $ (at 13 June 2012) Support (e.g. money mentor, business planning) # people In-roads (Community Sector Banking) Personal loans $500-$3,000 unsecured 24month term Financial education Credit history information Assistance with debt renegotiation Referral to other support agencies 158 423,180 158 Fair Finance Personal loans $1,000-$4,000 (flexible) unsecured 12-24month term Financial education Credit history information Assistance with debt renegotiation Referral to support agencies NILS 61 164,402 122 Fair Loans Personal loans $1,000-$3,000 unsecured 12 month term Mentor offers telephone and email support with budget development Indigenous Money Mentor offers face to face support with loan applications in Penrith/Blacktown Website has resources (e.g. budget planner, information for debtors, Understanding money website). 834 1,571,500 604 Many Rivers Small business loans $500- $20,000 unsecured 6month-3year term Enterprise support, business coaching and development including bookkeeping and financial literacy 122 668,545 367
cdfi_evaluation_report_0.docx