IBC Community Development Corporation

1860 N. Mannheim Rd
Stone Park IL, 60165-1020


IBC CDC is a non-profit organization established in 2001. IBC CDCa€™s mission is to promote community and economic development in underserved communities in the Chicago metro area, especially the Uptown and Chinatown neighborhoods in Chicago, and Stone Park, which is a western suburb of the city. As a start-up CDC, it plans to offer the following products: micro loans ($500 to $2500); Individual Development Accounts; and development services in the form of computer-based training modules and a three-part course designed to enhance financial literacy.

CDFI Awards for IBC Community Development Corporation


SECA (2002) - $128,000

The technical assistance award will be used for staff to develop internal loan policies and procedures; consulting services associated with developing a capitalization strategy and a marketing plan; and technology associated with the computer-based financial literacy training modules.



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