The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Cooperativa De Ahorro Y Credito De LOS Empleados De La Corporacion Del Fondo Del Seguro De Estado (doing business as Fondo Coop), a certified CDFI organization based in Puerto Rico. The grant, awarded on November 21, 2024, is intended to promote economic revitalization and community development through technical assistance to build the capacity of Fondo Coop, an emerging CDFI, to serve low-income and underserved populations that lack adequate access to affordable financial products and services. The grant funding will support eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies, with the ultimate goal of enabling Fondo Coop to expand its ability to provide loans, investments, financial services, and technical assistance that support job creation, business development, and economic self-determination in local communities. The project period for this award extends through June 30, 2027.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |