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Self-Help is a Community Development Financial Institution that has provided loans and technical assistance to small businesses, nonprofits and homebuyers throughout North Carolina for more than 20 years.
Through its Community Facilities Fund it has made over $21 million in loans to 292 child care providers. These loans range from $500 to fence in the backyard of a home-based provider to $850,000 to construct a new facility. These loans have created 10,008 child care spaces, stabilized/improved an additional 8,741 spaces, and created 1,141 jobs.
Self-Help's funding comes from a variety of sources including deposits from individuals into our Credit Union, grants, program-related investments from the Federal Government (USDA, Dept. of Treasury's CDFI Fund, SBA) and private foundations (Ford, MacArthur, Surdna), and a partnership with the North Carolina Division of Child Development using Child Care Development Block Grant dollars.
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