Question 1

What is Cooperativa Magisterio Rural de Chuquisaca R.L.?

Accepted Answer

Cooperativa Magisterio Rural de Chuquisaca R.L. is a credit union (cooperativa de ahorro y crédito abierta) based in Bolivia that provides financial services to its members and the general public. Headquartered in Sucre, the capital of the Chuquisaca department, it ranks as the fourth-largest credit union in Bolivia. The institution serves over 25,500 members and operates with over 60 years of experience in the Bolivian financial sector.

As an "open" credit union (cooperativa abierta), it is authorized by ASFI (Autoridad de Supervisión del Sistema Financiero) to perform financial intermediation operations and offer financial services to the public, not just its members.

Question 2

When was Cooperativa Magisterio Rural de Chuquisaca R.L. founded?

Accepted Answer

The credit union was founded on February 18, 1964, by individuals who voluntarily joined to establish a cooperative organized around solidary work and mutual assistance. It was subsequently legally constituted and formally recognized on June 28, 1965.

The institution was created by visionary teachers (maestros) who sought to fight for a common good and improve the challenging economic situation of the time. Originally, it started as a savings fund and supply store to encourage rural teachers to develop savings habits and access credit from a common fund.

Question 3

Where is Cooperativa Magisterio Rural de Chuquisaca R.L. headquartered?

Accepted Answer

The credit union is headquartered at Calle Grau #314 in Sucre, the constitutional capital of Bolivia and the capital city of the Chuquisaca department. Sucre is located in the south-central region of Bolivia.

Question 4

Where does Cooperativa Magisterio Rural de Chuquisaca R.L. operate?

Accepted Answer

Cooperativa Magisterio Rural de Chuquisaca operates primarily throughout the Chuquisaca department in Bolivia. The institution maintains a strong regional presence with 12 points of service across the region, including seven provincial branches and three fair points (puntos feriales).

This extensive network makes it one of the financial institutions with the greatest presence at the regional level within Chuquisaca.

Question 5

What services does Cooperativa Magisterio Rural de Chuquisaca R.L. offer?

Accepted Answer

The credit union offers a comprehensive range of financial services including:

Savings Products: Savings accounts (caja de ahorro) and fixed-term deposits with competitive returns.

Credit Products: Consumer loans, capital investment loans, housing loans, vehicle financing, and various other credit options. The institution also offers credit refinancing and reprogramming services.

Digital Services: The credit union has embraced digital transformation with mobile and online banking platforms called "CMR NET" and "CMR MOVIL." These platforms allow members to check balances, make transfers to other accounts and financial institutions nationwide, pay utility bills, make loan payments, and conduct various transactions from their mobile devices, tablets, or computers.

Additional Services: The institution provides access to home services (plumbers, electricians, glaziers, and locksmiths), life insurance, oncological insurance with affordable premiums, and free telemedicine services available 24/7 through virtual medical consultations.

Question 6

What makes Cooperativa Magisterio Rural de Chuquisaca R.L. unique?

Accepted Answer

Several distinctive features set this credit union apart:

Top National Ranking: As the fourth-largest credit union in Bolivia, it has established itself as a "Chuquisaca heritage" that the community takes pride in protecting and growing.

Strong Educational Focus: The institution prioritizes financial education, having trained over 1,500 people in 2024 alone on topics including consumer financial rights and obligations, QR codes, secure online transactions, and responsible financial management.

Community Commitment: The credit union demonstrates strong social commitment through partnerships with educational institutions and support for various community initiatives, reflecting its cooperative principles.

Digital Innovation: The credit union has successfully transitioned into the digital age while maintaining its cooperative values, offering modern fintech solutions alongside traditional personal service.

Transparent Operations: Throughout its six decades of operation, the institution has built a reputation for transparent and committed work, which has contributed to its solid performance in the region.

Question 7

What type of financial institution is Cooperativa Magisterio Rural de Chuquisaca R.L.?

Accepted Answer

Cooperativa Magisterio Rural de Chuquisaca R.L. is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Credit Union), which is a specific type of financial cooperative in Bolivia's financial system.

This designation means it is a non-banking financial intermediation entity, constituted as a cooperative society under limited liability with indefinite duration. As an "open" cooperative, it is authorized to perform financial intermediation operations and provide financial services to the general public, not exclusively to its members, though active lending operations can only be conducted with members.

The institution operates under the supervision and regulation of ASFI (Autoridad de Supervisión del Sistema Financiero), Bolivia's financial system supervisory authority. It holds a valid operating license and must comply with banking regulations similar to those applied to banks, including legal reserve requirements where approximately 24.9% of deposits are held as guarantees at the Central Bank of Bolivia.

Cooperativa Magisterio Rural de Chuquisaca R.L.

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About Cooperativa Magisterio Rural de Chuquisaca R.L. in Bolivia