Development Banks
Development banks or community development banks are banking institutions created to support and provide financial resources to financially underserved communities with the goal of promoting economic development in these communities.
LandBank Irosin Branch, ABI Fund Sourcing
Compared to traditional banks, community development banks release a lot of small loans to help people and organisation in low-income areas buy homes, start business, and launch other community development programs and projects. These sectors usually face greater risk with the loans being released since these loans are provided to all who are in need, including people with bad credit histories and people without collateral or no credit history at all.