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What happens if a borrower takes out a loan from a community development financial institution ( CDFI ) and fails to repay the loan? The

What happens if a borrower takes out a loan from a community development financial institution

(

CDFI

)

and fails to repay the loan?

The government intervenes to cover the loan.

The CDFI and the borrower renegotiate the loan with more favorable terms.

The borrower is subject to hefty penalties.

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