Cooperativa De Ahorro Y Credito De Lares
Lares
- UEI
- KQHGKRWLKKT5
- CAGE
- 86JM2
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Physical address
- PR-111, Lares, Puerto Rico
- Website
- larcoop.com
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
About Cooperativa De Ahorro Y Credito De Lares
Cooperativa De Ahorro Y Credito De Lares is a certified Community Development Financial Institution (CDFI) registered in SAM.gov since September 2018, with a corporate structure as a tax-exempt entity. As a not-for-profit organization, the cooperative focuses on providing financial services to underserved populations, particularly in rural and low-income communities, with a notable emphasis on serving Native American populations. The organization is dedicated to expanding access to affordable financial products, promoting economic development, and creating opportunities for communities that traditionally have limited access to mainstream financial systems.
Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Cooperativa De Ahorro Y Credito De Lares has received significant funding across several targeted programs. These include the CDFI Program, Small Dollar Loan Program, Equitable Recovery Program, and Rapid Response Program, with total awards ranging from $280,000 to $2.478 million. The grants have enabled the organization to establish loan loss reserves, provide technical assistance, expand lending capabilities, and deliver financial products specifically designed for unbanked and underbanked populations. The funding supports critical initiatives such as creating affordable alternatives to high-cost small dollar loans, building credit for vulnerable populations, providing development services, and helping communities recover from economic challenges like those presented by the COVID-19 pandemic. Each grant has a specific focus on community development, economic revitalization, and increasing financial inclusion, with performance periods typically extending three to five years.
Quick answers
What is Cooperativa De Ahorro Y Credito De Lares's UEI?
Cooperativa De Ahorro Y Credito De Lares's Unique Entity ID (UEI) in SAM.gov is KQHGKRWLKKT5.
What is Cooperativa De Ahorro Y Credito De Lares's CAGE code?
Cooperativa De Ahorro Y Credito De Lares's CAGE code is 86JM2.
Where is Cooperativa De Ahorro Y Credito De Lares located?
Cooperativa De Ahorro Y Credito De Lares's physical address in SAM.gov is PR-111, Lares, Puerto Rico.
Is Cooperativa De Ahorro Y Credito De Lares registered in SAM.gov?
Yes. Cooperativa De Ahorro Y Credito De Lares's SAM.gov registration is active through September 2, 2027.
What is Cooperativa De Ahorro Y Credito De Lares's most recent federal award?
Cooperativa De Ahorro Y Credito De Lares's most recent federal grant award is Purpose: to promote economic revitalization and community development through investment in and financial assistance… (241FA065394G), from Community Development Financial Institutions Fund, on September 26, 2024.
On GovTribe
See Cooperativa De Ahorro Y Credito De Lares's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors