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CFS director urges CDFIs to form elite group
The executive director of Community Finance Solutions (CFS) Dr. Karl Dayson expressed concern about the future funding of the Community Development Financial Institution (CDFI) sector at the annual Community Development Finance Association (CDFA) conference in Kent, June 2007.
Dr. Dayson argued that unless the sector made considerable progress in becoming more sustainable, the sector may find it difficult to convince Whitehall to continue funding. Austin Macauley, a columnist with the regeneration magazine New Start, reported on Dr. Dayson’s observations at the CDFA conference:
“Speaking at the Community Development Finance Association (CDFA) annual conference in Ashford, he called on CDFIs to follow the lead of credit unions by forming an elite group to drive the sector forward”
“Mr. Dayson predicted some CDFIs would go under while the more successful could become national institutions. He told delegates: You are in a really tough environment and you got to sell yourselves more.”
(Source: “CDFIs urged to form elite to avert Whitehall disillusion”, by Austin Macauley, New Start, 29.06.07)