Cooperatives Provide Million-Dollar Financing

Five Puerto Rican cooperatives have joined forces to finance the development of a low-income housing project in Arecibo, which will benefit 32 families in the area. This was announced by Sahily Rivas Oliveras, CEO of Coop Zeno Gandía, which, along with Credicentro, Cooperativa Sagrada Familia, Cooperativa Vegabajeña, and Cooperativa San Rafael, joined forces to provide financing for a $3.5 million commercial loan to JMR Ventures Corporation LLC,…