Question 1

What is Cooperativa Abierta San Roque R.L.?

Accepted Answer

Cooperativa Abierta San Roque R.L. is an open savings and credit cooperative (Cooperativa de Ahorro y Crédito Abierta) based in Sucre, Bolivia. It operates as a member-owned financial institution focused on providing accessible financial services to individuals and communities throughout the Chuquisaca department. As an open cooperative, it can serve both members and the general public, distinguishing it from closed cooperatives that serve only specific membership groups.

The cooperative is regulated by the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia's financial system supervisory authority, and holds an official operating license.

Question 2

When was Cooperativa Abierta San Roque R.L. founded?

Accepted Answer

Cooperativa Abierta San Roque R.L. was founded on January 17, 1963, in Sucre, the constitutional capital of Bolivia. The cooperative was established with initial capital of $3,150 and 30 founding members.

Its original purpose was to provide financial intermediation services through savings and credit activities, addressing the financial exclusion that many Bolivians faced from traditional banking institutions. The cooperative was founded on cooperative principles emphasizing mutual aid, democratic governance, and community development.

Over the decades, the cooperative has evolved and expanded its operations throughout the Chuquisaca department, maintaining its commitment to serving local communities with accessible financial services.

Question 3

Where is Cooperativa Abierta San Roque R.L. headquartered?

Accepted Answer

The cooperative's main headquarters is located at Calle Calvo Nº 1, esquina Plaza 25 de Mayo, in Sucre, Chuquisaca, Bolivia. This central location positions the cooperative prominently in the heart of Bolivia's constitutional capital.

The cooperative also operates an urban agency in Sucre at Calle Guillermo Loayza Nº 401, providing additional service points for members and clients in the capital city.

Question 4

Where does Cooperativa Abierta San Roque R.L. operate?

Accepted Answer

According to ASFI's official registry, Cooperativa Abierta San Roque R.L. operates primarily in three Bolivian departments:
• Chuquisaca (primary operating department, where it is headquartered)
• Cochabamba 
• Oruro

Within Chuquisaca, the cooperative maintains a network of agencies serving both urban and rural communities, including locations in:
• Sucre (Oficina Central and Agencia Urbana)
• Monteagudo (Calle Sucre Nº 699)
• Muyupampa (Calle Sucre S/N)
• Padilla (Calle Bolívar Nº 4)
• Serrano (Plaza Principal José Mariano Serrano)
• Sopachuy (Plaza Principal Narciso Campero)

This multi-agency structure allows the cooperative to serve diverse communities across urban centers and rural towns throughout its operating regions.

Question 5

What services does Cooperativa Abierta San Roque R.L. offer?

Accepted Answer

Cooperativa Abierta San Roque R.L. provides comprehensive financial intermediation services authorized under Bolivia's Law 393 of Financial Services, including:

Savings Products:
• Savings accounts (cuentas de ahorro a la vista)
• Fixed-term deposits (Depósitos a Plazo Fijo - DPF)
• Savings products in both national currency (Bolivianos) and foreign currency

Credit Services:
• Personal loans
• Business and commercial credit
• Agricultural and rural credit
• Microfinance lending

Additional Services:
• Financial education programs for members and the community
• Cooperative education initiatives
• Social responsibility programs focused on community development

As a cooperative, the institution operates on a not-for-profit basis, with benefits reinvested into improved services, member dividends, or community programs rather than distributed to external shareholders.

Question 6

What makes Cooperativa Abierta San Roque R.L. unique?

Accepted Answer

Several distinctive features set Cooperativa Abierta San Roque R.L. apart from traditional banks and other financial institutions:

Democratic Governance: The cooperative operates on the principle of "one member, one vote," regardless of capital contribution. This democratic structure ensures all members have equal say in the cooperative's direction and policies.

Community-Focused Mission: Unlike profit-driven banks, the cooperative's primary purpose is serving the financial needs of its members and local communities, particularly in areas where traditional banking services may be limited or inaccessible.

Regional Coverage: With six agencies spread across both urban and rural areas of Chuquisaca, the cooperative maintains a strong presence in smaller towns like Monteagudo, Muyupampa, Padilla, Serrano, and Sopachuy, bringing financial services to underserved populations.

Long-Standing History: With over 60 years of continuous operation since 1963, the cooperative has deep roots in the Chuquisaca community and has weathered multiple economic cycles in Bolivia.

Cooperative Values: The institution emphasizes solidarity, equity, social responsibility, and collective benefit over individual profit maximization, reflecting traditional cooperative principles adapted to Bolivia's financial context.

Question 7

What type of financial institution is Cooperativa Abierta San Roque R.L.?

Accepted Answer

Cooperativa Abierta San Roque R.L. is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Savings and Credit Cooperative) under Bolivian financial regulations.

This classification means it is a member-owned financial cooperative that can offer services to both cooperative members and the general public. In Bolivia's financial system, open cooperatives (cooperativas abiertas) are distinguished from closed cooperatives (cooperativas cerradas or societarias) that serve only specific membership groups.

The cooperative is regulated under Law 393 of Financial Services (Ley de Servicios Financieros) and Law 356, the General Law of Cooperatives (Ley General de Cooperativas). It must comply with ASFI's regulatory requirements for capitalization, governance, risk management, and social responsibility.

As a cooperative rather than a traditional bank, it operates on mutualist principles where members are simultaneously owners and customers. Profits are returned to members as dividends or reinvested in the cooperative's development and community programs, rather than distributed to external shareholders.

Cooperativa Abierta San Roque R.L.

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About Cooperativa Abierta San Roque R.L. in Bolivia