In a new report, Opportunity Finance Network writes that the financial and portfolio performance of CDFIs is on par with those of conventional banks. In their analysis, based on a dataset of 209 OFN member CDFIs (predominantly loan funds), CDFIs averaged 15 percent loan growth per year. Their cumulative net loan loss rates were 1.5 percent -- on par with that of FDIC-insured institutions. The members have been responsible for over $35 billion in cumulative financing, development of 1.5 million housing units and the creation of 721,000 jobs. The CDFI lending was also highly targeted at underserved populations: 75 percent of CDFI clients are low-income, 52 percent are minority and 48 percent are female.