Banesco USA grants Financial Aid to Community Entities in Puerto Rico

San Juan, Puerto Rico (Monday, January 8, 2024) – As part of its commitment to the development and well-being of Puerto Rico, Banesco USA announced today the donation of $32,000.00 to various community development entities in the island.

The organizations that benefited from these donations includes Corporación para el Financiamiento Empresarial del Comercio y las Comunidades (COFECC), Asesores Financieros Comunitarios, Mujer Emprende Latina and Eco Recursos Comunitarios, among others.

Maritza Abadía, Executive Vicepresident and Country Manager for Banesco USA in Puerto Rico, expressed “with these donations, we recognize and appreciate the extraordinary work that these organizations carry out serving vulnerable communities throughout the island. In addition, we reaffirm Banesco USA’s commitment to Puerto Rico, a market we have been serving for more than 30 years”.

COFECC is a Community Development Financial Institution (CDFI). With Banesco USA’s donation, it will continue to provide loans to entrepreneurs and established small businesses.

Asesores Financieros Comunitarios was founded by the College of CPAs, a group of CPAs and financial professionals who shared the concern of achieving and maintaining the sustainability and sound fiscal management of non-profit organizations in Puerto Rico. The grant from Banesco USA will allow them to offer scholarships to train nonprofit organizations that serve low and moderate-income individuals.

Mujer Emprende Latina, whose mission is to awaken the passion for entrepreneurship in every woman and support her entrepreneurial path, will use the donation from Banesco USA for its training and mentoring activity ME Lanzo Empoderada to be held on November 30, 2023.

Eco Community Resources was established by a group of women entrepreneurs living in public housing and is currently an incubator for community microenterprises serving the southeast-central area of Puerto Rico. Banesco USA’s monetary assistance will allow Eco Community Resources to continue educating its staff, acquire equipment to improve virtual connection systems with participants, and enhance the promotion of the Organization’s services.

Finally, an additional donation was granted to benefit the Fundación A-MAR, Gogó Foundation, Crearte, Casa de Niños Manuel Fernández Juncos, Hogar Cuna San Cristóbal, Alianza para un PR sin Drogas, and the Hogar de Niñas de Cupey.

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About Banesco USA
Founded in 2006 and based in Miami, Banesco USA is an independent Florida state-chartered bank with $3.71 billion in assets as of September 30, 2023, with six locations between South Florida and Puerto Rico, and a Loan Production and Deposit Production Office in Palm Beach County. Banesco USA is proud to serve the commercial real estate sector, small and middle-market businesses, as well as professionals who work in the community. The bank services both domestic and international clients as well as operating companies with a suite of products and services delivered with personalized attention to support their financial journeys. For more information, please visit banescousa.com.

Comunicado de Prensa
Contact: Iris González, 787-692-5588
Iris.gonzalez@concordia-communications.com

The information provided by Banesco USA ("we," "us," or "our'') is for general informational purposes only and is not intended as legal, tax, investment, financial or other advice or a substitute for professional advice. The information is general in nature and does not address the circumstances of any particular individual or entity, and is not comprehensive or a complete statement of the matters discussed herein. All information contained herein is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information provided herein. The information provided may contain information from third parties or other sources. We do not warrant, endorse, guarantee, or assume responsibility for the accuracy or reliability of any information offered by third parties. Under no circumstances shall we have any liability to you for any loss or damages of any kind incurred as a result of the use of or reliance on any information provided herein. Your use and reliance on any information provided herein is solely at your own risk.
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