Opening an Account at FIDMi- Mi Tierra is easy, and culturally and linguistically competent.

Mi Tierra
Mi Tierra® is a unique model that promotes the democratic participation of Latino immigrants and their families in the formal financial system. This program creates the basis for a comprehensive economic development model in the Washington Metropolitan Area, in the United States and, in immigrant home communities (Download Information; Spanish - English).

FIDMi in partnership with financial institutions particularly, Credit Unions is providing “non-traditional one-stop banking and education services” to the Latino immigrant community in the Washington Metropolitan Area and their communities abroad.

Educational/Informational Materials on Mi Tierra services and products.

Opening an Account at FIDMi- Mi Tierra is easy, and culturally and linguistically competent.
Through Mi Tierra®, in association with diverse financial institutions, FIDMi is offering the following financial products and education services to the Latino Community:

• Low –cost Remittances (Money Transfer)
• Micro-Credit
• Lines of Credit for Not–for-Profit Organizations
• Free Checking Account
• Savings Accounts
• Retirement Plans
• CD’s
• Consumer & Mortgage Loans
• On-Line Banking
• Financial Literacy Workshops &
• Individualized Counseling
• Community Outreach and Organizing
• Among other Services…

PROGRAM ACCOMPLISHMENTS
•Between September 2006-October 2007, FIDMi opened around 424 savings accounts in Lafayette Federal Credit Union.

•Between 2005-2007, FIDMi membership grew to 645 members.

•FIDMi remittances operations grew at 77% rate from 2006.

•FIDMi transferred several Millions from pilot phase in 2005 to date.

•Piloted a micro-credit program targeting underserved Latino immigrants. The project provided $ 2-4 K short- term loans at interest rates between 12-14%.

•Is currently developing partnership with three networks of credit unions in Central America to promote their services among Latino immigrants residing in the USA.

Strategic Alliances with Financial Institutions in Central America
FIDMi has developed partnerships with Credit Unions in the Latin America Region. Through these partnerships, FIDMi-Mi Tierra supports the distribution of the remittances in a timely fashion and is creating the basis to integrate immigrant families into the financial system.

In addition, promotes the use of financial products and services provided by our partner Credit Union and Financial Institutions abroad.

For additional information please contact Fabio Arroliga, Chief of Operations and Financial Programs at farroliga@fidmi-mitierra.org or Nitza Segui Albino, Business Development at
nsegui@fidmi-mitierra.org. You may also contact us via telephone at (202) 483-8900.