This $701,530 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Cooperativa De Ahorro Y Credito San Jose in providing financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding will help build the awardee's financial capacity to lend to rural and urban low-income communities and individuals who lack adequate access to affordable financial options, in alignment with the goals of the Community Development Financial Institutions Program (CFDA #21.020). Disbursed on December 8, 2021 for completion by December 31, 2024, this federal assistance aims to promote economic revitalization and community development through investment in certified Community Development Financial Institutions.
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