Question 1

What is Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda.?

Accepted Answer

Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. is a small savings and credit cooperative (COOPAC) operating in the Apurímac region of Peru. The cooperative serves members in Talavera and surrounding areas of the Andahuaylas province, providing financial services to a community that has historically had limited access to traditional banking institutions.

As a member-owned financial cooperative, it focuses on promoting financial inclusion and economic development among its associates through savings mobilization and credit provision. The institution operates under the supervision of Peru's Superintendencia de Banca, Seguros y AFP (SBS).

Question 2

When was Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. founded?

Accepted Answer

The cooperative officially began operations on September 30, 2011. It was established by local community members in Talavera, a district in the Andahuaylas province of Apurímac, to address the financial service needs of residents in this predominantly rural and underserved region.

The founding reflected a broader cooperative movement in Peru aimed at bringing financial services to communities with limited banking infrastructure.

Question 3

Where is Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. headquartered?

Accepted Answer

The cooperative is headquartered in Talavera, Andahuaylas province, in the Apurímac department of Peru. Its registered office is located at Jr. Ayacucho No. 110, approximately 10 meters from the main plaza in Talavera.

The cooperative also has a presence at Avenida Confraternidad 150, in a municipal building in Talavera.

Question 4

Where does Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. operate?

Accepted Answer

The cooperative primarily operates in the Talavera district and surrounding areas within the Andahuaylas province of the Apurímac department. This region is located in the southern Peruvian Andes and is characterized by rural communities with significant indigenous populations who primarily speak Quechua.

The operational area encompasses agricultural and service-oriented communities where traditional banking infrastructure is limited.

Question 5

What services does Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. offer?

Accepted Answer

As a COOPAC, the institution provides savings and credit services exclusively to its member-owners. Primary services include:

Savings Products: Various savings accounts designed to mobilize member deposits and promote a culture of saving within the community.

Credit Services: Loans to members for productive activities, personal needs, and small business development, supporting local entrepreneurship and agricultural activities.

The cooperative does not operate a public website, reflecting its small scale and local, community-based operational model. Financial transactions are conducted through manual and computerized accounting systems at its physical office location.

Question 6

What makes Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. unique?

Accepted Answer

The cooperative's distinctive characteristics include its deep roots in a rural Andean community with strong indigenous cultural traditions. Operating in one of Peru's more remote and economically challenged regions, it serves a population that values reciprocity and communal organization—principles that align closely with the cooperative model.

The institution embodies the seven cooperative principles recognized by the International Cooperative Alliance, including open membership, democratic member control, and concern for community. With approximately 8 employees, it maintains a personal, community-focused approach to financial services.

Its operation in Talavera, where agricultural production faces significant challenges and rural-to-urban migration is common, underscores its mission to support economic stability and development in an underserved area.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda.?

Accepted Answer

This institution is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC) under Peruvian law. This designation indicates it is a credit union-type organization that provides financial services exclusively to its member-owners, rather than the general public.

Since the implementation of Ley N° 30822 (the COOPAC Law) in January 2019, all COOPACs in Peru are directly supervised by the SBS under a modular regulatory framework. The cooperative is registered in the Registro Nacional de Cooperativas de Ahorro y Crédito (National Registry of Credit Unions) and must adhere to prudential regulations appropriate to its size and complexity level.

As a small cooperative, it operates at a basic level within the SBS's three-tier modular system, which applies proportional regulatory requirements based on total assets. The institution is also covered by the Fondo de Seguro de Depósitos Cooperativo (FSDC), which protects member deposits.

Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda.

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About Cooperativa de Ahorro y Crédito Santiago Apóstol de Talavera Ltda. in Peru