Cooperativa De Ahorro Y Credito Naguabena

Cooperativa De Ahorro Y Credito Naguabena, also known as Nagucoop, is a non-profit organization based in Naguabo, Puerto Rico, registered in the System for Award Management (SAM) since March 2020. As a Community Development Financial Institution (CDFI), the organization focuses on providing financial services and support to low- and moderate-income communities, with a particular emphasis on areas disproportionately impacted by the COVID-19 pandemic. Nagucoop operates as a corporate entity with tax-exempt status, specializing in financial assistance and community development initiatives.

The organization has received two significant federal grant awards from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The first grant, awarded in April 2023, was a $2,478,839 Equitable Recovery Program (ERP) grant aimed at expanding lending, grant-making, and investment activities in underserved communities. The second grant, a $125,000 technical assistance award from September 2021, focused on building organizational capacity to serve low-income populations. Additionally, Nagucoop received a sub-grant award from Inclusiv, Inc. in February 2025, which involves capitalization funding and technical assistance. These grants demonstrate Nagucoop's commitment to providing financial services, technical support, and economic revitalization to communities with limited access to affordable financial products and services, with a particular focus on minority populations and areas significantly affected by economic challenges.