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Measuring Economic and Social Impacts of Membership in a Community Development Financial Institution

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  • Jane Kolodinsky
  • Caryl Stewart
  • Antonia Bullard

Abstract

This study uses qualitative and quantitative measures to answer the question: “does a community development financial institution (CDFI) provide a measurable level of social benefit to its members?” Results indicate that a CDFI does change lives in many important ways, from providing members with the ability to get their financial houses in order, to helping members take control of their financial futures, and finally through building a sense of empowerment that reaches beyond the finances of an individual or family. In general, impacts were greater for lower income and less educated households, households with children, households that used more services, and for households that indicated wealth and asset building services were most important. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Jane Kolodinsky & Caryl Stewart & Antonia Bullard, 2006. "Measuring Economic and Social Impacts of Membership in a Community Development Financial Institution," Journal of Family and Economic Issues, Springer, vol. 27(1), pages 27-47, April.
    • Handle: RePEc:kap:jfamec:v:27:y:2006:i:1:p:27-47
    DOI: 10.1007/s10834-005-9002-7
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    References listed on IDEAS

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    Cited by:

    1. Guido Giovando & Alessia Mangialardo & Enrico Sorano & Alberto Sardi, 2021. "Impact Assessment in Not-for-Profit Organizations: The Case of a Foundation for the Development of the Territory," Sustainability, MDPI, vol. 13(17), pages 1-12, August.
    2. Annebeth Roor & Karen Maas, 2024. "Do impact investors live up to their promise? A systematic literature review on (im)proving investments' impacts," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3707-3732, May.
    3. Rob Tulder & M. May Seitanidi & Andrew Crane & Stephen Brammer, 2016. "Enhancing the Impact of Cross-Sector Partnerships," Journal of Business Ethics, Springer, vol. 135(1), pages 1-17, April.

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