Economic Development and Social Transformation
FIDECOOP, the Fondo de Inversión y Desarrollo Cooperativo, is a nonprofit organization championing socioeconomic progress in Puerto Rico through cooperative businesses. Established under Law 198 in 2002, this innovative entity unites the public sector and cooperative movement to address the island’s pressing economic needs. With a focus on capital investment, technical assistance, and community building, FIDECOOP has become a cornerstone of Puerto Rico’s cooperative ecosystem.
At its core, FIDECOOP strives to foster economic activity, create jobs, and promote social development by forming and strengthening cooperative enterprises. The organization’s vision is clear: “To be the real alternative for achieving general well-being through cooperative expansion and development.”
Cooperative Success in Action
With over 18 years of service, FIDECOOP has supported various cooperative sectors, including agriculture, manufacturing, tourism, and healthcare, while guiding innovative entrepreneurs toward sustainable success. Their programs emphasize three main pillars:
- Capital Investment: Helping cooperatives secure essential funding during their development, growth, and expansion phases.
- Technical Assistance: Offering expert guidance, training, and operational support to ensure cooperative efficiency.
- Promotion of Cooperative Models: Actively engaging with schools, universities, and community organizations to cultivate a cooperative culture across generations.
FIDECOOP proudly supports youth cooperatives, describing them as “the ideal setting to develop and encourage cooperative practice in our youth.”
Empowering Puerto Rico Through Cooperatives
FIDECOOP offers a robust suite of services tailored to address unique challenges faced by cooperatives:
- Stimulus Reserves: Financial support for youth cooperatives during their early stages or critical projects.
- Integrated Services for Savings and Credit Cooperatives: These institutions are enabled to expand into commercial financing.
- Support for High-Growth Sectors: Prioritizing areas like construction, tourism, and agriculture to stimulate broader economic impact.
Their commitment is reflected in their ability to secure external funding, such as a recent $79,777 grant to assist 25 rural cooperatives, showcasing their pivotal role in Puerto Rico’s economic ecosystem.
Becoming a Member and Embracing COOP Business Models
Joining FIDECOOP as a member unlocks access to invaluable resources and networking opportunities. Entrepreneurs with innovative business ideas are encouraged to reach out. The cooperative structure offers:
- Democratic decision-making.
- Shared financial responsibilities and benefits.
- Long-term sustainability through community involvement.
“Developing Business Potential is Our People’s Cooperative.” FIDECOOP
Strengthening Puerto Rico’s Communities and Businesses
FIDECOOP invites entrepreneurs, businesses, and community leaders to join the cooperative movement and contribute to Puerto Rico’s economic transformation. Individuals and organizations can access essential resources, expert guidance, and funding opportunities tailored to cooperative enterprises by becoming members. For businesses exploring the benefits of transitioning to a COOP model, FIDECOOP provides the tools and support needed to align profitability with purpose. Those interested in learning more can visit FIDECOOP’s website or follow their updates on Facebook. Build a stronger, more sustainable future for Puerto Rico.
CONTACT
Telephone: (787) 999-0322
Email: info@fidecoop.coop
Facebook: Fidecooppr
Website: https://www.fidecoop.coop/
Address: 400 Ave. Américo Miranda, Ste. 201 San Juan, PR 00927-5142
