The Department of the Treasury's Community Development Financial Institutions Fund awarded $271,988 under the Small Dollar Loan Program (CFDA 21.025) federal grant to Cooperativa De Ahorro Y Credito De Cabo Rojo. The grant will enable the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program through December 2025. The program aims to increase access to affordable capital and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $213,497 Small Dollar Loan Program Project Grant to Cooperativa De Ahorro Y Credito Aibonitena. Through this award under the Small Dollar Loan Program (CFDA 21.025), the certified Community Development Financial Institution will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to increase access to affordable capital and...
The Department of the Treasury Community Development Financial Institutions Fund awarded $280,000 under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Lares on September 23, 2021. Through this Project Grant, the awardee will establish a loan loss reserve and receive technical assistance to support small dollar lending to underserved populations through 2024. Specifically, the funding will enable the certified Community Development Financial Institution to...
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...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $271,988 Project Grant to Cooperativa De Ahorro Y Credito San Jose through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to increase access to affordable capital and credit-building...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $287,417 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Lares, a certified CDFI. The grant enables the organization to establish and maintain a small business loan program to provide affordable alternatives to high-cost small dollar loans. The funding supports the cooperative's efforts to help unbanked and underbanked populations,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $213,497 Small Dollar Loan Program Project Grant to Cooperativa De Ahorro Y Credito Villa-Coop Agustin Burgos Rivera. Through this award, the CDFI will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. The Small Dollar Loan Program aims to provide an alternative to high-cost small dollar loans and help unbanked and underserved...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $120,000 Project Grant to Community Ventures Corporation, Inc. through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution recipient to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to increase access to affordable small dollar loans for...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $321,141 Project Grant through the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Isabela, doing business as Coop Ahorro Isabela. This grant supports the establishment and maintenance of the credit union's small business loan programs, with the goal of providing affordable alternatives to high-cost small dollar loans and enabling unbanked and underbanked...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $376,325 Project Grant to Cooperativa De Ahorro Y Credito Las Piedras under the Small Dollar Loan Program (CFDA 21.025). The grant enables the organization, a minority-owned non-profit CDFI, to establish and maintain a small business loan program. The goal of the program is to provide affordable alternatives to high-cost small dollar loans, as well as help unbanked and underbanked populations...