Opportunity Finance Network (OFN) and the Citi Foundation today announced the selection of 50 Community Development Financial Institution (CDFI) professionals to take part in the Citi Leadership Program for Opportunity Finance. PCG Chief Credit Officer Kristin Faust and Director of Finance Larita Mimms were among those selected to participate in the program.
The 10-month course begins in January.
Ms. Faust and Ms. Mimms were chosen from more than 120 applicants nationwide. The selections reflect the diversity of CDFIs and the low-income, low-wealth and other disadvantaged communities they serve. PCG’s mission is to advance economic justice and opportunity for low income people and communities. By partnering with other mission-driven financial institutions, we bring more capital to the communities that need it most.
“We are proud to see Kristin Faust and Larita Mimms selected for the Citi Leadership Program. It’s a great honor that affirms the impact of our work and will enhance PCG’s ability to advance economic opportunity,” said PCG CEO Jeannine Jacokes.
The program will include three separate career level cohorts, with 11 Executive Leaders, 19 Mid-career Leaders, and 20 Emerging Leaders. Kristin Faust was selected to participate in the Executive Leaders cohort and Larita Mimms was selected to participate in the Mid-Career Leaders cohort.
“Developed by CDFIs for CDFIs, the program supports professionals who strive to lead transformational—structural and systemic—change,” said Mark Pinsky, CEO of OFN. “OFN is excited to be able to offer this unique CDFI leadership program with the generous support of the Citi Foundation, which has supported the CDFI industry for more than 20 years.”
Participants come from 21 states and the District of Columbia. They represent a variety of CDFI types and specialties, including commercial real estate lending, microfinance, consumer finance and affordable-housing finance.