Cooperatives play a key role in financial inclusion, especially in rural areas. Access to financial services is often limited and cooperatives have close ties to communities and an understanding of local dynamics. They are able to offer products tailored to local needs and facilitate access to financing. They can support initiatives that improve quality of life and promote sustainable development.
In this context, DGRV works with cooperatives to foster their potential as strategic actors in driving economic and social development through the cooperative model. Through technical assistance and institutional strengthening, DGRV supports cooperatives in developing capacities, tools, and financial products. Like this, DGRV enables them to respond to emerging challenges such as energy transition and green finance.
As part of this work in Colombia, on the one hand, DGRV supports the SACCO CFA in the development of its Environmental and Social Risk Management System (SARAS). This instrument enables CFA to assess and manage the environmental and social risks associated with its green portfolio. CFA has voluntarily introduced the system, even though current legislation in Colombia does not yet require it. However, as upcoming cooperative regulations are expected to mandate such systems, this step ensures the institution is well prepared.
On the other hand, the Juan Cojo–Cuchillas water utility association also receives socio–business support under DGRV’s “Redes” (network) methodology, strengthening its organizational management and sustainability. This support is based on a comprehensive assessment of the organization and the implementation of a tailored strengthening plan adapted to its needs.
The Juan Cojo-Cuchillas case clearly demonstrates the potential of the cooperative model: to drive real change in rural communities by combining renewable energy financing with strong institutional support. It shows how these approaches can address concrete challenges while expanding financial inclusion, improving access to essential services, and ultimately strengthening living conditions on the ground.
