Cooperativa De Ahorro Y Credito Centro Gubernamental Minillas (Gubecoop)

Cooperativa De Ahorro Y Credito Centro Gubernamental Minillas (Gubecoop) is a minority-owned, non-profit organization based in San Juan, Puerto Rico, registered in SAM.gov with a tax-exempt corporate structure. As a certified Community Development Financial Institution (CDFI), Gubecoop focuses on delivering financial services to underserved communities, particularly in Puerto Rico. The organization specializes in providing loans, investments, and technical assistance to low- or moderate-income populations, with a particular emphasis on areas disproportionately impacted by the COVID-19 pandemic.

Gubecoop has received multiple federal grants from the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, totaling $550,000 across four awards between 2021 and 2024. These grants under the CDFI Program (CFDA 21.020) and Economic Recovery Program (ERP) have supported the organization's efforts to build organizational capacity, expand lending activities, and provide technical assistance to underserved communities. The most recent award of $300,000 in November 2024 will support Gubecoop's financial services and investments through December 2026, while an earlier $225,000 ERP grant from April 2023 is designed to help the organization respond to COVID-19 economic impacts by expanding lending and investment activities in low-income communities. The grants enable Gubecoop to acquire technology, hire staff, and develop tools necessary to serve communities with significant unmet financial service needs, with completion dates ranging from December 2023 to December 2028.