Question 1

What is Cooperativa de Ahorro y Crédito San Carlos?

Accepted Answer

Cooperativa de Ahorro y Crédito San Carlos is a Level 1 savings and credit cooperative (COOPAC) operating in the Cajamarca region of Peru. As a member-owned financial cooperative, it provides savings, credit, and other financial services to its members in the province of Hualgayoc. The cooperative is registered with Peru's Superintendencia de Banca, Seguros y AFP (SBS) under registration number 000271-2019-REG.COOPAC-SBS and holds RUC number 20220612083.

Level 1 designation indicates that the cooperative has smaller total assets compared to Level 2 and Level 3 institutions, but still operates under the regulatory oversight of the SBS.

Question 2

When was Cooperativa de Ahorro y Crédito San Carlos founded?

Accepted Answer

Cooperativa de Ahorro y Crédito San Carlos was founded on August 25, 1963. The cooperative was established to provide financial services to the predominantly rural population of Bambamarca and surrounding areas in the Hualgayoc province.

For over six decades, the institution has served its community under the cooperative model, emphasizing mutual aid and member ownership.

Question 3

Where is Cooperativa de Ahorro y Crédito San Carlos headquartered?

Accepted Answer

The cooperative is headquartered at Jr. Miguel Grau No. 416 in Bambamarca, the capital city of Hualgayoc province in the Cajamarca department of Peru. Bambamarca is located approximately 117 kilometers north of the city of Cajamarca.

The headquarters serves as the principal office for operations in this predominantly rural region.

Question 4

Where does Cooperativa de Ahorro y Crédito San Carlos operate?

Accepted Answer

Cooperativa de Ahorro y Crédito San Carlos operates primarily in the Hualgayoc province of the Cajamarca region. The province is characterized by its rural nature, with approximately 80% of its population living in rural areas.

Bambamarca, where the cooperative is headquartered, serves as the economic and administrative center for the province, which has a population of approximately 60,000 inhabitants. The cooperative serves communities throughout this mountainous region, which has historical significance dating back to pre-Incan cultures and is known for its gold mining heritage.

Question 5

What services does Cooperativa de Ahorro y Crédito San Carlos offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa de Ahorro y Crédito San Carlos provides core financial services to its members, including:

Savings Products: Various savings account options for members to securely deposit funds and build financial reserves.

Credit Services: Loans designed to meet the needs of members, which may include agricultural financing, personal loans, and business credit for small enterprises.

Member Services: Financial services are provided exclusively to cooperative members who have purchased shares and joined the institution. The cooperative operates under democratic governance principles where members have voting rights.

The cooperative does not maintain a public website, which is common among smaller Level 1 COOPACs serving primarily rural populations in Peru.

Question 6

What makes Cooperativa de Ahorro y Crédito San Carlos unique?

Accepted Answer

Cooperativa de Ahorro y Crédito San Carlos is distinguished by its long history of serving one of Peru's most rural and historically significant regions. Operating since 1963, the cooperative has provided financial services to communities in Hualgayoc for over 60 years.

The cooperative serves the descendants of the Q'orimarca culture in a region historically known as the "Region of Gold." Despite being located in one of Cajamarca's poorest provinces, with a poverty rate of 70.3%, the cooperative continues to provide financial inclusion to populations that might otherwise lack access to formal financial services.

Its commitment to the cooperative model ensures that financial services remain accessible to rural agricultural communities and small business owners in the mountainous terrain of northern Cajamarca.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito San Carlos is a Cooperativa de Ahorro y Crédito (COOPAC), which is Peru's designation for a savings and credit cooperative. COOPACs are member-owned, not-for-profit financial cooperatives that operate under democratic principles.

As a Level 1 COOPAC, it is classified among the smaller cooperatives in Peru's tiered regulatory system. All COOPACs are supervised by the Superintendencia de Banca, Seguros y AFP (SBS) through its Superintendencia Adjunta de Cooperativas (SACOOP), following regulatory reforms implemented under Law No. 30822.

Unlike commercial banks, COOPACs are owned by their members who participate democratically in governance, with each member having one vote regardless of their share holdings. The cooperative's primary purpose is to serve the financial needs of its members rather than to maximize profits.

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