Coop57

Coop57 is a cooperative financial services organization based in Spain that focuses on supporting projects in the social and solidarity economy. Founded in 1995, it operates as a network with local branches across different regions of Spain. Coop57 collects savings from individuals and organizations who want to see their money used to finance ethical and socially responsible initiatives. It then provides loans and financial services to cooperatives, non-profits, and other entities in the social economy sector. The organization prioritizes funding projects that promote employment, cooperativism, sustainability, and social inclusion. Typical loans range from around 20,000 to 300,000 euros. To receive financing, entities must become members of Coop57 and meet criteria related to internal democracy, non-profit status, and alignment with social economy principles. As of 2021, Coop57 had over 4,000 members and more than 80 million euros in assets. Recent projects funded include eco-friendly housing cooperatives, worker-owned businesses, and organizations supporting marginalized communities. Coop57 aims to demonstrate that ethical, democratic financial systems focused on social impact are possible alternatives to traditional banking. It is part of a broader movement to develop solidarity economy networks across Europe.