cdfiCORP would like to create a world where all people, from all communities, have all-access to the loans, credit and liquidity that’s needed to live and thrive.

cdfiCORP is the plug that connects education & opportunity; cdfiCORP aspires to secure CDFI certification to unite public and private resources, stimulate job creation, foster business growth, and combat foreclosures while leveraging local capital.

Our educational initiative, BanksGiving, is dedicated to eradicating blight and empowering low-income Black communities in Philadelphia by disseminating essential knowledge to every household. We firmly believe that by equipping individuals with both financial resources and education, we can level the playing field for minorities, enabling them to attain financial security and freedom.

Poverty is one of our nation’s most enduring problems: and nowhere is it more apparent than in the top poorest big cities in America. 

In 2022, San Antonio was named “the most impoverished large metro area”. Houston claimed the “largest number of newly poor neighborhoods in the country” after Detroit, and Philadelphia has the “highest poverty rate of the United State’s most populous cities”.

Additionally, those in marginalized populations feel the effects even deeper, as higher and higher percentages of Blacks and Hispanics face poverty in these cities, especially those under the age of 18. Children raised in low-income households are more likely to face stress and toxic conditions, creating long-term emotional and psychological damage evaluated through learning, health, and behavior. Children in these households are nearly 90% more likely than children raised in higher-income households to not complete high school and are 4x more likely to give birth outside of marriage during their teenage years.

Households in poverty are faced with these challenges, often stemming from the absence of quality financial education and limited access to favorable lending options. The critical role foreclosures play in perpetuating this cycle of hardship cannot be overlooked. If adults are unable to access the support necessary to build generational wealth through homeownership and business ownership, their children may find themselves ensnared in a similar cycle of poverty.

The poverty rate for Hispanic children was higher at 48.6%, for Black children it was 42.2%, and for Asian children it was 29.3%.

At 37.3% the poverty rate for children in Philadelphia was nearly twice what it had been in 1970, when it was 19.3%.

Many studies have proven that children raised through poverty are more likely to face toxic stress and conditions that leave long term emotional and psychological damage evaluated through learning, health and behavior. Children growing up through poverty are nearly 90% more likely than never-poor children to enter their 20s without completing high school and are four times more likely to give birth outside of marriage during their teenage years.

Failing Schools

This is directly related to schooling as we see the percentage of below average test scores and evaluations for students in the San Antonio area. Over half of students enrolled in San Antonio public schools are not reading on grade level. That’s over 261,000 kids who are falling behind with little hope of catching up.

While we see a decrease in child poverty over time, too many children are still facing the challenges of poverty that have lasting consequences.