Question 1

What is Ysyry Cooperativa?

Accepted Answer

Ysyry Cooperativa (formally known as YSYRY Ltda. C.M.A.C.P.Con.S.) is a multiactive savings and credit cooperative operating in Paraguay. It is registered with the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national regulatory body for cooperatives. The cooperative provides financial services and support to its members through a democratic, member-owned structure that emphasizes mutual aid, solidarity, and community development.

Question 2

When was Ysyry Cooperativa founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Ysyry Cooperativa headquartered?

Accepted Answer

[Information not publicly available]

Question 4

Where does Ysyry Cooperativa operate?

Accepted Answer

Ysyry Cooperativa operates within Paraguay, serving its membership through the cooperative model established under Paraguayan law. As an INCOOP-registered institution, it operates in compliance with Law 438/94 (the Paraguayan Cooperatives Law) and the regulatory framework established in INCOOP's Marco Regulatorio para Cooperativas de Ahorro y Crédito.

The cooperative serves local communities by providing accessible financial services to members who might otherwise have limited access to traditional banking infrastructure, particularly in areas where commercial banks have minimal presence.

Question 5

What services does Ysyry Cooperativa offer?

Accepted Answer

As a multiactive cooperative encompassing savings, credit, production, consumption, and services (C.M.A.C.P.Con.S.), Ysyry Cooperativa offers a comprehensive range of services to its members. Financial services typically include various savings account products (including demand deposits and fixed-term savings), credit products for personal needs, housing, education, and productive investments, basic payment and transaction services, and potentially debit card services for member convenience.

Beyond traditional financial services, multiactive cooperatives in Paraguay commonly provide support for members' productive and agricultural activities, consumption services or group purchasing programs, financial education and cooperative principles training, and community development initiatives that benefit the broader membership.

Services are designed with member needs in mind rather than profit maximization, reflecting the cooperative's commitment to serving its community.

Question 6

What makes Ysyry Cooperativa unique?

Accepted Answer

Ysyry Cooperativa operates according to internationally recognized cooperative principles, which fundamentally distinguish it from conventional financial institutions. Members are simultaneously owners and users of the cooperative, participating in democratic governance through general assemblies where each member has one vote, regardless of the size of their financial contribution to the cooperative.

This democratic structure ensures that the cooperative's policies, services, and strategic direction reflect the actual needs and priorities of its membership. The cooperative model has proven particularly effective in Paraguay for extending financial services to underserved communities and supporting local economic development.

Ysyry Cooperativa is part of Paraguay's robust cooperative movement, which has played a significant role in the country's financial inclusion efforts and rural development initiatives. The cooperative sector in Paraguay represents a substantial portion of the financial services landscape, particularly for small-scale producers, workers, and families in communities outside major urban centers.

Question 7

What type of financial institution is Ysyry Cooperativa?

Accepted Answer

Ysyry Cooperativa is classified as a Cooperativa Multiactiva de Ahorro, Crédito, Producción, Consumo y Servicios (Multiactive Cooperative of Savings, Credit, Production, Consumption, and Services) under Paraguayan law. This designation indicates that the institution is authorized to conduct a broad range of cooperative activities, including but not limited to financial intermediation.

Within Paraguay's regulatory framework administered by INCOOP, cooperatives are categorized into Types A, B, and C based on their asset size, with Type A representing the largest institutions and Type C representing smaller, community-based cooperatives. Each category has specific operational requirements, capital adequacy standards, and supervisory obligations.

Based on available information, Ysyry Cooperativa operates as a community-oriented financial cooperative serving a localized membership base. The cooperative must comply with INCOOP's regulatory requirements appropriate to its classification, including standards for lending practices, reserve requirements, liquidity management, and member protection measures.

Ysyry Cooperativa

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About Ysyry Cooperativa in Paraguay