Community Development Bank
A community development bank is like a piggy bank that's really big and helps people in a community. People can put their money in the bank and the bank gives loans to other people in the community who need money for things like starting a business, buying a house, or going to school.
But community development banks are special because they care about helping the community become better. They might give loans to businesses that want to create jobs for people who don't have jobs yet, or they might give loans to people who want to buy a house in a neighborhood that needs more good homes.
So basically, community development banks are like a big piggy bank that helps people in the community by giving them money to do things that make the community better.
But community development banks are special because they care about helping the community become better. They might give loans to businesses that want to create jobs for people who don't have jobs yet, or they might give loans to people who want to buy a house in a neighborhood that needs more good homes.
So basically, community development banks are like a big piggy bank that helps people in the community by giving them money to do things that make the community better.