Question 1

What is Cooperativa de Ahorro y Crédito La Catracha Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito La Catracha Limitada is a savings and credit cooperative operating in Honduras. The name "La Catracha" is a colloquial and affectionate term for Honduras and Hondurans, reflecting the cooperative's strong national identity and commitment to serving the Honduran people. As a cooperativa de ahorro y crédito, it provides member-owned financial services under the supervision of CONSUCOOP (Consejo Nacional Supervisor de Cooperativas).

The cooperative operates as a limited liability organization, as indicated by "Limitada" in its name, meaning members' financial responsibility is limited to their capital contributions to the cooperative.

Question 2

When was Cooperativa de Ahorro y Crédito La Catracha Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito La Catracha Limitada headquartered?

Accepted Answer

[Information not publicly available]

Question 4

Where does Cooperativa de Ahorro y Crédito La Catracha Limitada operate?

Accepted Answer

Cooperativa de Ahorro y Crédito La Catracha Limitada operates in Honduras, serving local communities with savings and credit services. The use of "La Catracha" in its name suggests a proud embrace of Honduran identity and a focus on serving Honduran communities.

As a registered cooperative with CONSUCOOP, it operates within Honduras's regulatory framework for savings and credit cooperatives, adhering to national cooperative laws and standards.

Question 5

What services does Cooperativa de Ahorro y Crédito La Catracha Limitada offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa de Ahorro y Crédito La Catracha Limitada provides:

Savings accounts: Members can deposit funds and accumulate savings through various account types. These deposits earn interest and represent member participation in the cooperative's capital.

Credit products: The cooperative offers loans to members at reasonable interest rates, designed to support personal, family, and small business financial needs. Loan terms are typically tailored to member requirements.

Member capital contributions: All members maintain capital accounts (aportaciones) that represent their ownership stake in the cooperative. These may earn dividends based on the cooperative's annual financial performance.

Financial education: Like most Honduran cooperatives, La Catracha likely provides financial literacy and cooperative education to members, helping them make informed financial decisions.

Question 6

What makes Cooperativa de Ahorro y Crédito La Catracha Limitada unique?

Accepted Answer

The cooperative's name "La Catracha" carries significant cultural meaning, as "catracho" or "catracha" is the colloquial demonym for Hondurans. This naming choice emphasizes the cooperative's deep connection to Honduran culture and its mission to serve fellow Hondurans.

As a member-owned institution, the cooperative operates on democratic principles where each member has equal voting rights regardless of capital contribution size. This ensures that the cooperative truly serves member interests rather than external shareholders.

The cooperative model emphasizes mutual support and community development, with members pooling resources to provide each other with affordable financial services that might otherwise be unavailable or expensive through commercial banks.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito La Catracha Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito La Catracha Limitada is a cooperativa de ahorro y crédito (savings and credit cooperative), which is the Honduran equivalent of a credit union.

These institutions are regulated by CONSUCOOP under the Ley de Cooperativas de Honduras (Law of Cooperatives of Honduras). As a first-degree cooperative (cooperativa de primer grado), it directly serves individual community members rather than other cooperative organizations.

The cooperative structure distinguishes it from commercial banks through its member-ownership model, democratic governance (one member, one vote), and focus on mutual benefit rather than profit maximization. Cooperatives in Honduras operate as not-for-profit entities that return surplus to members through dividends or improved services.

Cooperativa de Ahorro y Crédito La Catracha Limitada

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About Cooperativa de Ahorro y Crédito La Catracha Limitada in Honduras