Question 1

What is Compañía 17?

Accepted Answer

Compañía 17 is a savings and credit cooperative (Cooperativa de Ahorro, Crédito, Producción y Servicios - C.A.C.P.S.) operating in Paraguay. The institution is part of Paraguay's extensive cooperative movement, which plays a vital role in providing financial services to rural and semi-urban communities throughout the country.

As a multiactive cooperative, Compañía 17 serves its members through a combination of savings mobilization, credit provision, and community-oriented services. The cooperative operates under the regulatory framework of INCOOP (Instituto Nacional de Cooperativismo), Paraguay's National Institute of Cooperativism.

Question 2

When was Compañía 17 founded?

Accepted Answer

[Information not publicly available]

The cooperative's founding date and historical origins have not been publicly documented. However, cooperatives in Paraguay have been established throughout the 20th and 21st centuries, particularly following the enactment of Law 349/72 in 1972, which recognized four types of cooperatives including savings and credit institutions.

Question 3

Where is Compañía 17 headquartered?

Accepted Answer

[Information not publicly available]

The specific location of Compañía 17's headquarters within Paraguay has not been publicly documented. The cooperative operates within Paraguay's territory under INCOOP supervision.

Question 4

Where does Compañía 17 operate?

Accepted Answer

Compañía 17 operates within Paraguay, serving local communities in areas where its members reside and conduct economic activities. Like many Paraguayan cooperatives, the institution likely focuses on serving a specific geographic community or region within the country.

Paraguay's cooperative sector is characterized by strong regional presence, with cooperatives often serving as the primary financial institution for rural and semi-urban populations who may have limited access to traditional banking services.

Question 5

What services does Compañía 17 offer?

Accepted Answer

As a C.A.C.P.S. (Cooperativa de Ahorro, Crédito, Producción y Servicios), Compañía 17 offers multiple services to its members, including:

Savings Services: Various savings products that allow members to mobilize their resources and build financial security.

Credit Services: Lending products designed to meet members' personal, productive, and commercial financing needs. This may include microfinance, agricultural loans, consumer credit, and business development loans.

Production Support: Services related to productive activities, which may include technical assistance, input supply, or marketing support for agricultural and commercial ventures.

Additional Services: Community-oriented services that support members' economic and social development, consistent with cooperative principles of mutual aid and community benefit.

Question 6

What makes Compañía 17 unique?

Accepted Answer

Compañía 17 embodies the cooperative model that has made Paraguay a regional leader in cooperative development. Paraguay ranks third in Latin America for cooperative financial sector participation, with cooperatives representing 11.7% of the country's financial-banking sector.

The cooperative operates under a democratic, member-owned structure where decisions are made collectively by the members themselves. This grassroots approach to financial services ensures that the institution remains responsive to community needs and priorities.

As part of Paraguay's vibrant cooperative movement, Compañía 17 contributes to financial inclusion by serving populations that may be underserved by traditional commercial banks. The cooperative's multiactive nature allows it to address both financial and productive needs of members in an integrated manner.

Question 7

What type of financial institution is Compañía 17?

Accepted Answer

Compañía 17 is classified as a Cooperativa de Ahorro, Crédito, Producción y Servicios (C.A.C.P.S.), which translates to a Multiactive Savings, Credit, Production, and Services Cooperative. This is a recognized category of financial cooperative in Paraguay.

Under Paraguay's regulatory framework established by INCOOP, cooperatives are classified by sector (Production, Savings and Credit, or Other Types) and by size into Types A, B, or C based on total assets. Type A cooperatives have assets exceeding 50 billion Guaraníes, Type B cooperatives have assets between 5 billion and 50 billion Guaraníes, and Type C cooperatives have assets below 5 billion Guaraníes.

The cooperative is supervised and regulated by INCOOP, which establishes operational standards, capital requirements, and supervisory frameworks for savings and credit cooperatives throughout Paraguay. This regulatory oversight ensures that cooperatives maintain sound financial practices and protect member deposits.

Question 8

What is the cooperative movement's role in Paraguay?

Accepted Answer

Paraguay has developed one of Latin America's most dynamic cooperative sectors, with over 650 active cooperatives serving millions of members across the country. The cooperative movement is particularly strong in rural areas, where cooperatives often serve as the primary or sole financial institution.

In the agricultural sector, cooperatives produce 72% of Paraguay's milk production and 24% of meat exports. This economic significance extends to the financial sector, where savings and credit cooperatives provide essential financial services to small-scale farmers, microentrepreneurs, and households that lack access to traditional banking.

The cooperative model in Paraguay emphasizes democratic governance, member ownership, and community development. Cooperatives operate on the principle of mutual aid, where members pool resources to create financial institutions that serve their collective interests rather than external shareholders.

Question 9

How are cooperatives regulated in Paraguay?

Accepted Answer

Cooperatives in Paraguay operate under the regulatory authority of INCOOP (Instituto Nacional de Cooperativismo), established under Law 2157/03. INCOOP provides comprehensive supervision of the cooperative sector, with different levels of oversight based on cooperative size and type.

For savings and credit cooperatives, INCOOP establishes requirements for capital adequacy, liquidity, asset quality, and risk management. Type A cooperatives face the most stringent requirements, including a minimum capital adequacy ratio of 10%, while Type B cooperatives must maintain 15% and Type C cooperatives 20%.

INCOOP also sets standards for savings mobilization, credit operations, and financial reporting. Cooperatives must submit regular financial statements and are subject to on-site examinations to ensure compliance with regulatory standards and protection of member deposits.

Compañía 17

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About Compañía 17 in Paraguay