NCIF Cares II Report

Through the NCIFCares Program, NCIF — with support from Capital One — deployed a total of $500,000 in micro-grants to 125 organizations in urban and rural communities across the country. National Community Investment Fund (NCIF) launched NCIFCares in 2020, as a pilot program, in response to the disproportionate impact of the COVID-19 pandemic and economic recession on low-income and minority communities. The program supports for-profit and nonprofit small business customers of NCIF Network Banks with micro-grants and individualized, remote coaching.

Twenty-one CDFI Banks and MDIs participated in the program. Through their local knowledge, local capital, and local risk management, NCIFCares reached small businesses across the country — helping prevent them from closure and positioning them for growth and sustainability.