Question 1

What is Caja Popular San José de Casimiro?

Accepted Answer

Caja Popular San José de Casimiro is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP) serving low-income communities in southwestern Mexico. This authorized savings and loan cooperative focuses on fundraising and credit granting for underserved populations in rural and semi-urban areas.

The institution operates as a member-owned financial cooperative, where members pool their savings to provide affordable loans to fellow members. It is regulated by the Comisión Nacional Bancaria y de Valores (CNBV) and holds authorized status, meaning it meets all regulatory requirements for operating savings and credit operations.

Question 2

When was Caja Popular San José de Casimiro founded?

Accepted Answer

[Information not publicly available]

While the specific founding date is not documented in publicly available sources, the institution has been serving the region of Casimiro Castillo and surrounding communities for an extended period. Like many Mexican cajas populares, it likely emerged from local community organizing efforts focused on mutual financial support and cooperative principles.

Question 3

Where is Caja Popular San José de Casimiro headquartered?

Accepted Answer

Caja Popular San José de Casimiro is headquartered in Casimiro Castillo, Jalisco, Mexico. The main office is located at Altamirano 24, Col. Centro, Casimiro Castillo, Jalisco, postal code 48930.

Casimiro Castillo is a municipality in the southwestern region of Jalisco, part of the Costa Sur area, characterized by rural communities and agricultural activities.

Question 4

Where does Caja Popular San José de Casimiro operate?

Accepted Answer

The cooperative operates primarily in southwestern Jalisco and extends into neighboring Colima. Its service area includes:

Jalisco locations: Casimiro Castillo (headquarters), Villa Purificación, Cuautitlán, Lo Arado, Tecomates, Tequesquitlán, and several rural communities including El Chico, El Coyame, Cuzalapa, and Chacala.

Colima locations: La Central in the municipality of Manzanillo.

The cooperative also operates a mobile banking unit that visits remote communities to extend financial services to areas where traditional banking infrastructure does not exist, serving populations that would otherwise lack access to formal financial services.

Question 5

What services does Caja Popular San José de Casimiro offer?

Accepted Answer

Caja Popular San José de Casimiro provides comprehensive savings and credit services to its member-owners:

Savings products: Deposit accounts for adults and minors, with monthly interest payments and protection under the FOCOOP deposit insurance fund up to 25,000 UDIs (approximately 213,000 pesos) per member.

Credit products: Personal loans ranging from 1,000 to 15,000 pesos with terms up to 12 months, with no origination or administration fees and no collateral requirements for smaller amounts. Agricultural and business loans for productive purposes.

Additional services: International remittance payment services through BANSEFI's La Red de la Gente network, telephone bill payment through TELMEX partnership, and insurance products including microinsurance for life coverage and vehicle insurance with amounts from 25,000 to 100,000 pesos.

Digital services: While specific mobile banking capabilities are limited, the cooperative focuses on in-person service through branches and mobile units to reach remote communities.

Question 6

What makes Caja Popular San José de Casimiro unique?

Accepted Answer

The cooperative's commitment to financial inclusion in remote rural areas distinguishes it from traditional banks. Its mobile banking unit travels to small communities on a regular schedule, bringing formal financial services directly to residents who would otherwise need to travel significant distances.

The institution operates on cooperative principles, meaning all members are also owners who share in the cooperative's governance and benefits. Surplus earnings are reinvested into the cooperative or distributed among members rather than going to external shareholders.

As an authorized SOCAP, members benefit from deposit insurance protection through the Fondo de Protección (FOCOOP), providing security for their savings up to 25,000 UDIs per member. The cooperative emphasizes accessible financial services without high fees or minimum balance requirements.

Question 7

What type of financial institution is Caja Popular San José de Casimiro?

Accepted Answer

Caja Popular San José de Casimiro is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), which is the Mexican classification for a savings and loan cooperative.

SOCAPs are member-owned financial cooperatives that are part of Mexico's social economy sector. They operate without profit-seeking motives, instead focusing on mutual benefit among members. Unlike commercial banks, SOCAPs are governed democratically by their members under cooperative principles.

The institution is regulated under the Ley para Regular las Actividades de las Sociedades Cooperativas de Ahorro y Préstamo (LRASCAP) and supervised by the CNBV. It participates in the FOCOOP system, which provides both auxiliary supervision and deposit insurance protection. This regulatory framework ensures financial stability while maintaining the cooperative's social mission of serving underbanked communities.

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