Cooperativa De Ahorro Y Credito De LOS Empleados De La Corporacion Del Fondo Del Seguro De Estado

Cooperativa De Ahorro Y Credito De LOS Empleados De La Corporacion Del Fondo Del Seguro De Estado, doing business as Fondo Coop, is a corporate entity registered as a tax-exempt, not-for-profit organization in the financial services sector. Registered in SAM.gov since March 2022, the organization is a certified Community Development Financial Institution (CDFI) that focuses on providing financial services and support to underserved communities. As a CDFI, Fondo Coop specializes in delivering targeted financial products and technical assistance to low- and moderate-income populations, with a particular emphasis on economic development and community revitalization.

Fondo Coop has received multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), totaling approximately $1.4 million across three distinct grant programs. These awards include a $997,732 Equitable Recovery Program (ERP) grant to expand lending and investment activities in communities disproportionately impacted by the COVID-19 pandemic, a $300,000 CDFI Program grant for capacity building and economic development, and a $125,000 technical assistance grant to strengthen organizational capabilities. The grants enable Fondo Coop to provide loans, investments, financial services, and technical assistance that support job creation, business development, and economic self-determination in local communities. The organization's grant-funded activities are designed to serve rural and urban low-income populations lacking adequate access to affordable financial products and services, with project completion dates extending through June 2028.