The Community Development Financial Institutions Fund (CDFI Fund) awarded Cooperativa De Ahorro Y Credito Aibonitena (Cooperativa) a $2,478,839 Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support Cooperativa's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19 through December 2028. As a credit union focused on cooperativism and social responsibility, Cooperativa will use the funding to increase access to affordable credit and financial services for underserved populations. The CDFI ERP aims to bolster CDFIs' response to COVID-19's economic effects in vulnerable areas through similar activities.
Generated 2/6/24, 10:52 AM