Question 1

What is Cooperativa Loma Grande?

Accepted Answer

Cooperativa Loma Grande is a multi-activity cooperative in Paraguay that provides savings, credit, and member services to local communities. Formally known as LOMA GRANDE Ltda. C.M.A.C.S. (Cooperativa Multiactiva de Ahorro, Crédito y Servicios), it operates as a member-owned financial institution supervised by the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative authority.

The cooperative serves its members through a community-based financial model, offering accessible financial services and promoting economic development within its operational area. As a registered cooperative, it adheres to cooperative principles of democratic member control and mutual assistance.

Question 2

When was Cooperativa Loma Grande founded?

Accepted Answer

[Information not publicly available]

While the precise founding date is not documented in public records, Cooperativa Loma Grande is officially registered with INCOOP and appears in regulatory documents from 2024, confirming its status as an active and recognized financial cooperative in Paraguay.

Question 3

Where is Cooperativa Loma Grande headquartered?

Accepted Answer

[Information not publicly available]

The specific location of Cooperativa Loma Grande's headquarters within Paraguay is not documented in publicly available sources. Based on INCOOP registration records, the cooperative operates in Paraguay and serves communities within its designated service area.

Question 4

Where does Cooperativa Loma Grande operate?

Accepted Answer

Cooperativa Loma Grande operates within Paraguay, serving members in its local region. As a cooperative registered with INCOOP, it provides financial services to communities within its defined geographic service area.

The cooperative focuses on serving local populations who are members of the institution, providing accessible financial services at the community level.

Question 5

What services does Cooperativa Loma Grande offer?

Accepted Answer

As a multi-activity savings and credit cooperative, Cooperativa Loma Grande offers several core services:

Savings Products: Members can open savings accounts and build their financial reserves through the cooperative's deposit products.

Credit Services: The cooperative provides loans to members for various purposes, including personal needs, business activities, and family expenses. Lending decisions are typically made with knowledge of local conditions and member circumstances.

Member Services: Beyond financial products, the cooperative offers general services to support member welfare and economic development.

All services operate on a cooperative basis, with members serving as both owners and customers of the institution.

Question 6

What makes Cooperativa Loma Grande unique?

Accepted Answer

Cooperativa Loma Grande operates as a member-owned institution focused on financial inclusion and community development. Unlike commercial banks, the cooperative exists primarily to serve its members' needs rather than maximize profits for external shareholders.

The cooperative provides personalized, community-oriented financial services with an understanding of local economic conditions and member circumstances. This grassroots approach allows it to serve populations who may be underserved by traditional banking institutions.

As part of Paraguay's extensive cooperative movement, Loma Grande contributes to economic democracy by giving members direct control over their financial institution through democratic governance structures.

Question 7

What type of financial institution is Cooperativa Loma Grande?

Accepted Answer

Cooperativa Loma Grande is a Cooperativa Multiactiva de Ahorro, Crédito y Servicios (Multi-Activity Savings, Credit and Services Cooperative) in Paraguay. This classification identifies it as a member-owned financial cooperative that provides both savings and lending services along with other member benefits.

In Paraguay's financial landscape, cooperatives represent an important alternative to traditional banks, particularly for middle and lower-income populations. They are regulated by INCOOP rather than the banking superintendency and operate according to cooperative principles including democratic member control, limited returns on capital, and a focus on member service rather than profit maximization.

Cooperatives like Loma Grande play a vital role in financial inclusion throughout Paraguay, particularly in areas where conventional banking infrastructure is limited.

Cooperativa Loma Grande

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About Cooperativa Loma Grande in Paraguay