During a recent meeting of the Cámara de Representantes in Puerto Rico, discussions centered on the vital role of cooperatives in providing financial alternatives for disadvantaged communities. With over 90 cooperatives currently operating in Puerto Rico, the focus was on ensuring these organizations remain accessible and supportive of local economic development.

The meeting highlighted concerns that imposing stricter regulations on the establishment of new cooperatives could hinder the ability of low-income populations to create financial opportunities. Advocates emphasized that while protecting the financial stability of existing cooperatives is essential, it is equally important to uphold the social mission of the cooperative movement. This mission aims to provide accessible financial tools that empower communities.

Participants expressed a commitment to collaborate with the Puerto Rican Legislative Assembly to discuss and propose measures that would foster cooperative development. The cooperative movement is seen not only as a financial resource but also as a means of social commitment to community enhancement.

The meeting concluded with a call for continued dialogue and cooperation to strengthen the cooperative sector in Puerto Rico, ensuring it remains a viable option for those seeking financial independence and community support.