Question 1

What is Cooperativa Quillacollo?

Accepted Answer

Cooperativa Quillacollo is a credit union (cooperativa de ahorro y crédito abierta) operating in Bolivia's Cochabamba region. As one of the most important financial cooperatives in the area, it serves over 27,000 active members with approximately 140 million bolivianos in savings. The institution specializes in providing accessible financial services to small entrepreneurs, families, and agricultural workers who often face barriers accessing traditional banking.

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

Question 2

When was Cooperativa Quillacollo founded?

Accepted Answer

Cooperativa Quillacollo was founded on January 15, 1963. The institution was established to capture savings deposits and provide loans to members for production, housing, and consumption activities. Over more than six decades of operation, the cooperative has evolved from a local community institution into one of the region's leading financial cooperatives, demonstrating sustained growth and commitment to financial inclusion in the Cochabamba region.

Question 3

Where is Cooperativa Quillacollo headquartered?

Accepted Answer

The cooperative's headquarters (Oficina Central) is located at Calle Pacheco No. 132 esquina Gral. Pando in Quillacollo, Cochabamba, Bolivia. Quillacollo is a municipality in the Quillacollo Province of the Cochabamba Department, situated in the central region of Bolivia.

Question 4

Where does Cooperativa Quillacollo operate?

Accepted Answer

Cooperativa Quillacollo maintains a strong regional presence throughout the Cochabamba Department. The institution operates branch offices (agencias) in five key locations:

Quillacollo - The main office and founding location
Vinto - A neighboring municipality in the metropolitan area
Colcapirhua - Part of the greater Cochabamba metropolitan region
Cochabamba - The departmental capital and largest city
Sacaba - An important municipality east of Cochabamba

This strategic network allows the cooperative to serve urban, peri-urban, and semi-rural communities across the Cochabamba valley.

Question 5

What services does Cooperativa Quillacollo offer?

Accepted Answer

Cooperativa Quillacollo provides a comprehensive range of financial products tailored to local community needs:

Savings Products: Traditional savings accounts (caja de ahorros) and fixed-term deposits (DPF - Depósitos a Plazo Fijo) that offer members secure savings options.

Credit Products: Multiple loan types including consumption loans, housing loans (vivienda), productive sector loans, microcredit (microcrédito), credit lines for the transportation sector (crédito sector del autotransporte), and payroll loans (CrediSueldo).

Insurance Services: QuillaSeguro, a funeral expense coverage program providing financial protection during difficult times.

Digital Services: The cooperative operates a website with financial calculators, including simulators for fixed-term deposits and credit products, enabling members to plan their financial decisions online.

Question 6

What makes Cooperativa Quillacollo unique?

Accepted Answer

Cooperativa Quillacollo distinguishes itself through its strong commitment to financial inclusion and community development. The institution focuses on serving populations often excluded from traditional banking, particularly small business owners, families, and agricultural workers.

The cooperative emphasizes corporate social responsibility (RSE - Responsabilidad Social Empresarial) through financial education programs and community development initiatives. It provides personalized financial advisory services, helping members understand financial products and make informed decisions.

With a member-owned structure, the cooperative prioritizes accessible credit with reasonable terms, contrasting with the higher interest rates and stricter requirements often found in commercial banks. This community-focused approach has earned strong word-of-mouth recommendations and member loyalty over six decades of operation.

Question 7

What type of financial institution is Cooperativa Quillacollo?

Accepted Answer

Cooperativa Quillacollo is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Credit Union) under Bolivian financial regulations. This designation indicates it is a member-owned financial cooperative that accepts deposits and provides loans, operating under the "open" category, meaning it can serve the general public rather than being restricted to a specific closed group.

Open credit unions in Bolivia are supervised by ASFI and must maintain operating licenses. They differ from traditional banks in their cooperative structure, where members are both customers and owners, and from "societarias" (closed cooperatives) that serve only specific professional or social groups. This institutional type emphasizes democratic governance, member participation, and community benefit over profit maximization.

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About Cooperativa Quillacollo in Bolivia