The Department of the Treasury's Community Development Financial Institutions Fund awarded $271,988 under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Barranquitas, doing business as Credicentrocoop, on September 27, 2022. The award will provide grant funds through December 31, 2025 to establish and maintain a small dollar loan program. Specifically, the grant includes funds for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to offer affordable small dollar loans to underserved populations. By increasing access to responsible small dollar credit, the program aims to help the unbanked and underbanked build credit histories and integrate into the mainstream financial system. No subrecipients are involved in delivering the program's services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $272.0k | 9/27/22 |