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 Community Development Financial Institutions (CDFI) Fund, a bureau of the U.S. Department of the Treasury, awarded a $220,353 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito Bo Quebrada De Camuy, P.r., a community development financial institution in Puerto Rico. The grant is intended to enable the organization to establish and maintain a small business loan program that provides affordable alternatives to high-cost small dollar loans. The...
The Department of the Treasury Community Development Financial Institutions Fund awarded $213,497 under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito Isabela (Coop Ahorro Isabela) on September 27, 2022. The award will provide grant funding through December 31, 2025 to establish a loan loss reserve and support technical assistance activities to enable the recipient to establish and maintain a small dollar loan program. Specifically, the loan loss reserve funding...
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 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 Caguas, doing business as Caguas Coop, a certified CDFI in Puerto Rico. This grant will enable Caguas Coop to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The funding supports loan loss reserves and technical...
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...
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 $213,497 under the Small Dollar Loan Program (CFDA 21.025) federal Project Grant to Cooperativa De Ahorro Y Credito Vegabajena. 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 this initiative, the awardee aims to increase access to affordable capital...
The $298,914 Project Grant awarded on April 16, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Small Dollar Loan Program (CFDA 21.025) will enable the Cooperativa De Ahorro Y Credito Aguas Buenas (Buenacoop), a minority-owned, Hispanic American-owned non-profit CDFI, to establish and maintain a small business loan program. The funding supports Buenacoop's efforts to provide affordable alternatives to high-cost small dollar loans...
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...