Banesco USA grants $22K to nonprofits aiding vulnerable communities
Banesco USA has awarded $22,300 to eight nonprofit organizations across Puerto Rico as part of its commitment to supporting community development and economic resilience on the island.
Among the beneficiaries is Vitrina Solidaria Inc., which received funds for its new Sun Loan Fund. The bank joins the Federal Home Loan Bank of New York as one of the first financial institutions in Puerto Rico to support this alternative financing initiative. The funding aims to bolster microenterprises in underserved areas of eastern Puerto Rico, with a focus on job creation and responsible business practices.
Banesco USA also contributed to the Corporación para el Financiamiento Empresarial de los Comerciantes y de las Comunidades to enhance its training programs for low- and moderate-income individuals working toward self-employment and microbusiness growth.
A separate collaboration with Eco Recursos Comunitarios is funding a leadership development initiative for participants in its incubator program. This initiative serves several municipalities including Aguas Buenas, Caguas, Cayey, Cidra, Gurabo, Juncos, Las Piedras and San Lorenzo.
The bank also extended support to social service organizations working with vulnerable populations. The Federación Puertorriqueña de Policías de Puerto Rico received funds to assist families of officers who died in the line of duty. Hogares Rafaela Ybarra will use its allocation for maintenance and repairs of a residence that shelters girls and young women.
Funding awarded to Apoyo a Padres de Niños con Impedimentos will help sustain its counseling and psychosocial services for low- and moderate-income families. Taller Salud received a grant to assist women in Loíza, Salinas and San Germán facing domestic violence and limited access to health care.
Jóvenes de Puerto Rico en Riesgo also received funding to strengthen socio-educational services at seven public schools serving youth from economically disadvantaged backgrounds.
