South Dakota Rural Enterprise, Inc.

629 South Minnesota Ave STE 201
Sioux Falls SD SD, 57104-4876


South Dakota Rural Enterprise, Inc. of Sioux Falls, South Dakota, is a non-profit community development financial intermediary incorporated in 1996. SDREI"s mission is to provide leadership to secure $50 million in new capital to support a statewide network of revolving loan funds and community development financial institutions that are well capitalized, high performing, and support the creation of new jobs and wealth for South Dakota"s rural and low-income communities and underserved markets.

CDFI Awards for South Dakota Rural Enterprise, Inc.


FA (2007) - $386,984

South Dakota Rural Enterprise, Inc. (SDRE), created in 1996, is a certified CDFI, non-profit micro-enterprise intermediary. It provides services to other CDFIs and organizations in the process of becoming certified throughout South Dakota. SDRE"s Capital Investment Fund is a $6.99 million loan fund that makes capital available to CDFIs. The organization’s products and services focus on innovation and building the capacity of emerging institutions. SDRE will use its FY07 Financial Assistance award to support its Capital Investment Fund lending activity and its Technical Assistance award to improve access in its target market.



SECA (2001) - $44,000

The SECA award will be used for consultants and staff to develop training materials to assist CDFIs in South Dakota to increase capacity in administrative areas involving lending, new product development and board training.



SECA (1998) - $50,000

The CDFI Fund"s $50,000 Technical Assistance grant will be used for staff and board training, organizational development and obtaining technology.



Other Community Development Financial Institutions in South Dakota





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