Cooperativa De Ahorro Y Credito Comunal San Miguel De Naranjito

Cooperativa De Ahorro Y Credito Comunal San Miguel De Naranjito, doing business as Cooperativa De Credito San Miguel, is a minority-owned, non-profit organization registered in SAM.gov that operates as a Community Development Financial Institution (CDFI). The organization is specifically recognized as a Hispanic American owned business with a tax-exempt corporate structure, focused on providing financial services and economic development support to underserved communities. As a CDFI, Cooperativa De Credito San Miguel specializes in delivering targeted financial products, investments, and technical assistance to low-income and minority populations, with a particular emphasis on rural and urban communities that lack adequate access to traditional financial services.

The organization has received multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, totaling approximately $5.38 million across three distinct grant programs. These awards include a $300,000 CDFI Program grant to build organizational capacity as a Native CDFI, a $4,957,678 Equitable Recovery Program grant to expand lending and investment activities in low- and moderate-income communities impacted by COVID-19, and a $125,000 technical assistance grant to strengthen its ability to serve eligible communities. The grants enable Cooperativa De Credito San Miguel to provide critical financial services such as loans, investments, technical assistance, and capacity-building support, with the ultimate goals of creating jobs, building businesses, fostering economic self-determination, and increasing access to capital for underserved borrowers, particularly minorities in economically challenged regions.