Question 1

What is Cooperativa de Ahorro y Crédito Chiquinquirá?

Accepted Answer

Cooperativa de Ahorro y Crédito Chiquinquirá is a savings and credit cooperative (COOPAC) operating in Peru. It is a member-owned financial institution that provides savings and loan services exclusively to its cooperative members.

The cooperative is classified as a Level 2 institution under Peru's modular supervision scheme, with total assets greater than 600 UIT but less than or equal to 65,000 UIT. It is registered with Peru's Superintendencia de Banca, Seguros y AFP (SBS) under registration number 000069-2019-REG.COOPAC-SBS and is a member of the Federación Nacional de Cooperativas de Ahorro y Crédito del Perú (FENACREP).

Question 2

When was Cooperativa de Ahorro y Crédito Chiquinquirá founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Chiquinquirá was founded on November 12, 1964, making it one of the longer-established credit cooperatives in the Ancash region. The cooperative has been serving its members for over 60 years.

It was formally registered with the SBS on February 7, 2019, following the implementation of Ley 30822, which brought all cooperatives of savings and credit in Peru under the supervision of the SBS effective January 1, 2019.

Question 3

Where is Cooperativa de Ahorro y Crédito Chiquinquirá headquartered?

Accepted Answer

The cooperative's main office is located at Jr. José de Sucre Nro. 1106 in Caraz, a city in the Huaylas province of the Ancash department in Peru. Caraz is situated in the Callejón de Huaylas valley, in the western Andes region of Peru.

The cooperative can be reached by telephone at 043391239 or 982007692, and by email at cooperativa@chiquinquira.pe.

Question 4

Where does Cooperativa de Ahorro y Crédito Chiquinquirá operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Chiquinquirá primarily serves the Ancash region of Peru, with a focus on the Huaylas province and surrounding areas. The Ancash region is located in western Peru, bordered by the Pacific Ocean to the west and the Andean mountain ranges to the east.

As a community-based cooperative, it focuses on providing financial services to members in its local area, supporting economic development in smaller communities that may have limited access to traditional banking services.

Question 5

What services does Cooperativa de Ahorro y Crédito Chiquinquirá offer?

Accepted Answer

As a Level 2 COOPAC under Peru's modular supervision framework, Cooperativa de Ahorro y Crédito Chiquinquirá is authorized to offer the following services to its cooperative members:

Savings Products: Savings accounts and fixed-term deposits for members. All deposits are restricted to cooperative members only, as COOPACs are not authorized to accept deposits from the general public.

Credit Products: Direct loans to members with or without collateral, subject to the cooperative's internal credit regulations. The cooperative specializes in providing credit to members who may face challenges accessing traditional banking services.

Additional Services: With prior authorization from the SBS, Level 2 cooperatives may also offer services such as CTS (Compensación por Tiempo de Servicios) accounts, guarantees and bonds in favor of the state, and debit and credit card services.

Question 6

What makes Cooperativa de Ahorro y Crédito Chiquinquirá unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Chiquinquirá stands out for its long history of service in the Ancash region, having operated for over six decades in a mountainous area where access to financial services can be limited. The cooperative embodies the cooperative principles of mutual assistance, democratic governance, and member ownership.

As a member-owned institution, all cooperative members participate in democratic decision-making through assemblies and have ownership rights based on their capital contributions. The cooperative operates on a not-for-profit basis, with any surplus distributed back to members or reinvested to improve services.

The cooperative's deposits are protected by the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides coverage up to S/5,000 per member for cooperatives that have contributed to the fund for at least 24 months.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Chiquinquirá?

Accepted Answer

Cooperativa de Ahorro y Crédito Chiquinquirá is a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC), which translates to a Credit Union or Savings and Credit Cooperative Not Authorized to Accept Deposits from the Public. This is a distinct institutional type in Peru's financial system.

COOPACs are member-owned, not-for-profit financial cooperatives that operate under the cooperative principles of voluntary membership, democratic governance, member economic participation, autonomy, and community concern. Unlike traditional banks, COOPACs can only provide services to their cooperative members, not the general public.

Since January 1, 2019, all COOPACs in Peru have been regulated and supervised by the Superintendencia de Banca, Seguros y AFP through its Superintendencia Adjunta de Cooperativas (SACOOP), under the framework established by Ley 30822. This supervision ensures proper risk management, financial transparency, and protection of member savings.

Cooperativa de Ahorro y Crédito Chiquinquirá

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About Cooperativa de Ahorro y Crédito Chiquinquirá in Peru

Cooperativa de Ahorro y Crédito Chiqui­nquirá