This $300,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) empowers Cooperativa De Credito San Miguel, a Hispanic American-owned non-profit CDFI, to deliver financial services, loans, investments, and technical assistance to underserved communities in Puerto Rico. The grant, awarded on November 21, 2024, aims to support the organization's capacity-building efforts as a Native CDFI, enabling it to create jobs, build businesses, and foster economic self-determination in the local communities it serves, which lack adequate access to traditional financial services. The award is part of the CDFI Program's broader mission to promote economic revitalization and community development through targeted investments in CDFIs across the United States.
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