CBA Fund, CBA’s CDFI Intermediary, is a Community Development Financial Institution (CDFI) intermediary dedicated to catalyzing and growing the capacity of nonprofit lenders to offer small dollar, credit building consumer loans. Many community-based organizations see a need for safe and affordable small dollar consumer loans in their communities but do not have the resources to implement a solution. CBA Fund’s mission is to expand the capacity of nonprofit lenders, like The Fountain Fund, to provide safe and affordable small dollar consumer loans (SDLs) and credit building products to low- and moderate-income individuals.

“CBA Fund allowed us to enlarge our mission and serve new markets…without it, these critical programs wouldn’t exist.”
– Meagan Jordan, Economic Opportunity Facilitator, New Orleans, at The Fountain Fund

Our CEO, Dara Duguay, contributed an opinion piece to The Hill on rent reporting as a sound credit building strategy:

“At CBA, we believe that rent reporting is just one step renters can take to start building their credit and should be paired with financial wellness programming for maximum impact.”

We are thrilled to announce that CBA has been selected as one of twelve recipients of the Citi Foundation’s Community Finance Innovation Fund! Thanks to this commitment, CBA will establish a consumer lending bootcamp and work with CDFIs in credit deserts who are interested in bringing safe and responsible small dollar capital to their communities.

CONGRATULATIONS to all recipients as we collectively continue to advance the field of community finance and create positive impact for low-income communities and communities of color. 

Ascendus now offers credit coaching through our nationally recognized Credit as an Asset training!