Cdfi rapid response program award

The Cooperative Ahorro Y Credito D, a division of Cooperativa De Ahorro Y Credito De Rincon, was awarded a $1,826,265 Project Grant from the United States Department of the Treasury's Community Development Financial Institutions Fund. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP) on June 15, 2021 for completion by June 30, 2023.

The CDFI RRP aims to support Community Development Financial Institutions' ability to address economic impacts from the coronavirus pandemic by providing $1.8 million to the Cooperative to deliver financial and lending services to its communities through June 2023. As a Community Development Financial Institution itself, the Cooperative will utilize the funding to prepare for and respond to coronavirus economic effects in its service areas through continued lending and related support.