El Rescate began providing financial education workshops and small loans for micro-enterprise in the 1990s, with the hope of moving individuals into more traditional financial segemnts of the American financial system. Since the programs inception, El Rescate has aggressively worked identifying programs that are price transparent and offer a needed service to the community.
In 1996, the Office of Refugee Resettlement and the Department of Health and Human Services supported El Rescate’s Individual Development Account Program, a savings program designed to assist refugees and asylees in improving their economic and social status within the United States. Uprooted from their country of origin due to social and political reasons, imigrants often find it difficult to adjust to a new country and this program aimed to provide this needed support.
In the late 90’s El Rescate took the initiative and founded and sponsored the Communidades Federal Credit Union. The goal of the credit union was to provide affordable credit and banking services to empower the community. find it difficult to adjust to a new country and this program aimed to provide this needed support.
As of late, El Rescate continues to introduce innovative financial service products and service that aim to provide relief and revive our local economy.