Puerto Rico flag on a balcony in San Juan
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PenFed and Friends of Puerto Rico Team Up to Promote Entrepreneurship in Puerto Rico

Friends of Puerto Rico with Pentagon Federal Credit Union (PenFed) announced a partnership to provide access to entrepreneurship programs for women and children in Puerto Rico. The alliance started by sharing a special podcast episode featuring PenFed Foundation Director of Veteran Entrepreneurs Seda Goff. The podcast “Cafe Conversations,” came out on May 26.

Advancing entrepreneurship in Puerto Rico

Since 2015, Friends of Puerto Rico has developed a combination of training, education and mentoring initiatives. Above all, these initiatives support communities in need by promoting entrepreneurship.

“PenFed is proud to partner with Friends of Puerto Rico and supports its mission to bring economic development to the people of Puerto Rico through entrepreneurship, education and creating opportunities for women and girls,” said Jamie Gayton, Executive Vice President of Member Operations.

“At the local level, 16.6 percent is part of self-employment in Puerto Rico, and we are grateful to PenFed for this opportunity to support our women and children by working together as partners. We remain committed to the future of Puerto Rico,” said Angelique Sina, President of Friends of Puerto Rico.

Community empowerment

The alliance includes the training of entrepreneurs through the AMIGAS network and its entrepreneurship incubator. The incubator has impacted more than 500 women since 2017. It chiefly provides mentoring and networking support in a community driven by professional women who inspire positive actions and leadership.

This accelerator is an intensive program that provides the first steps to put your idea into action and generate revenue as an entrepreneur.

“The best way to support Puerto Rico is by empowering the community, creating opportunities and helping people improve their finances. PenFed continues to invest in the resilient people of Puerto Rico,” said Gayton.

To learn more about the entrepreneurship programs, visit www.friendsofpuertorico.org/amigas or send an e-mail to info@friendsofpuertorico.org.

About PenFed Credit Union


Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving 2.3 million members worldwide with $28 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans and a wide range of other financial services. Our mission is to empower members of our community to achieve their financial well-being. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

About Friends of Puerto Rico


Friends of Puerto Rico is a non-partisan, non-profit 501(c)(3) social impact organization headquartered in Washington, DC. It is focused on mobilizing a network of partners to create economic opportunities for the people of Puerto Rico. This organization supports the economic development of the Puerto Rican people through entrepreneurial initiatives, education and creating opportunities for women and girls.