Cooperativa De Ahorro Y Credito Empleados De Bacardi Corporation

Cooperativa De Ahorro Y Credito Empleados De Bacardi Corporation is a non-profit, tax-exempt corporate entity registered in SAM.gov as a Community Development Financial Institution (CDFI). As a CDFI, the organization focuses on providing financial services and support to underserved communities, with a particular emphasis on economic development and financial empowerment. The entity is specifically registered to receive federal grant awards and has been actively engaged in community development initiatives through various federal funding programs.

The organization has received multiple significant federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, totaling $925,000 across three distinct grants. These awards include a $300,000 CDFI Program grant to promote economic revitalization, a $500,000 Equitable Recovery Program (ERP) grant to support COVID-19 pandemic economic recovery, and a $125,000 technical assistance grant. The grants are designed to expand lending capabilities, provide financial services to low- and moderate-income communities, support minority borrowers, and build organizational capacity. Specifically, the funding enables the Cooperativa to offer loans, investments, technical assistance, and financial services with a focus on job creation, business development, and economic self-determination, particularly in Native American and underserved communities. The grant performance periods range from 2022 to 2028, demonstrating a sustained commitment to community economic development through targeted financial interventions.