Sunday, May 19, 2024

Institution Offers Latino Immigrants without Bank Accounts a Safer Way to Store Money

Following a series of burglaries in North Carolina that affected numerous Latinos in the area who had the habit of storing cash in their homes, the Latino Community Credit Union opened with the intent to serve individuals without banking accounts. According to the FDIC, more than 1 in 5 Latinos and blacks living in America […]

Latino Entrepreneur Creates New Micro Lending Company

While the current economic crisis is making it harder for many Americans to get loans, a sizeable and growing segment of the Latino community has never had access to traditional financial and banking services.  This need is providing a business opportunity for one young Latino entrepreneur. James Gutierrez is the founder of Progreso Financiero, a micro-lending […]