The Central Providence Community Loan Fund (CPCLF) is a community-led fund that provides low-interest loans for people who live or operate a small business or nonprofit in Central Providence.
The fund provides low-interest, flexible capital, focusing on those who do not qualify for traditional loans. It is by the community, and for the community. Lending decisions are made by a committee with most members being residents and small business owners in Central Providence.
As businesses and nonprofits pay back their loans over time, money goes back into the loan fund and can be used to lend to more businesses and nonprofits. This means the CPCLF can support businesses and nonprofits for years to come.