Question 1

What is COODEA Ltda.?

Accepted Answer

COODEA Ltda. (Cooperativa Multiactiva de Transportistas, Ahorro, Crédito, Consumo y Servicios Autónomos) is a multiactive cooperative financial institution in Paraguay serving transportation workers and autonomous contractors. As a Type C cooperative registered with the Instituto Nacional de Cooperativismo (INCOOP), COODEA provides financial services, savings products, credit facilities, and social benefits specifically tailored to the needs of Paraguay's independent transportation sector professionals.

The cooperative operates under Paraguay's cooperative legal framework established by Law 438/94 and is supervised by INCOOP, the national cooperative regulatory authority.

Question 2

When was COODEA Ltda. founded?

Accepted Answer

[Information not publicly available]

While the specific founding date has not been publicly disclosed, COODEA Ltda. was formally recognized as a legal entity by INCOOP and appears in the 2024 registry of active cooperatives in Paraguay.

Question 3

Where is COODEA Ltda. headquartered?

Accepted Answer

[Information not publicly available]

The specific headquarters location of COODEA Ltda. has not been publicly disclosed. As a cooperative serving transportation workers, it operates within Paraguay's regulatory framework administered by INCOOP.

Question 4

Where does COODEA Ltda. operate?

Accepted Answer

COODEA Ltda. operates within Paraguay, serving members of the transportation and autonomous contractor sectors throughout the country. As a member-based cooperative, its services are primarily available to associates who work in transportation-related occupations and meet the membership requirements established in the cooperative's social statutes.

Paraguay's cooperative sector is distributed across multiple departments, with cooperatives like COODEA providing localized financial services to specific professional communities.

Question 5

What services does COODEA Ltda. offer?

Accepted Answer

As a multiactive cooperative, COODEA Ltda. provides a comprehensive range of financial and social services to its member-associates:

Financial Services: Savings accounts (ahorro a la vista and ahorro a plazo fijo), credit facilities for productive purposes and emergencies, and current account services for members.

Credit Products: Personal loans, vehicle financing for work-related transportation needs, emergency credit lines, and working capital loans tailored to autonomous contractors and transportation professionals.

Solidarity Benefits: Subsidies for marriage, birth of children, incapacity support, funeral services, and other social welfare benefits characteristic of Paraguayan cooperatives.

Membership Services: Democratic participation in cooperative governance through general assemblies, where each member has one vote regardless of capital contribution.

Question 6

What makes COODEA Ltda. unique?

Accepted Answer

COODEA Ltda. is distinctive in its specialized focus on serving Paraguay's transportation workers and autonomous contractors, a vital but often underserved segment of the economy. This sector-specific approach allows the cooperative to understand and address the unique financial needs and challenges faced by independent transportation professionals.

As a member-owned institution, COODEA operates on cooperative principles of democratic control, equitable participation, and mutual aid. Members are simultaneously owners and users of the cooperative's services, with voting rights in the general assembly and access to surplus distributions according to their use of services.

The cooperative's multiactive structure enables it to provide not only financial services but also comprehensive social support, creating a community-based safety net for its members and their families.

Question 7

What type of financial institution is COODEA Ltda.?

Accepted Answer

COODEA Ltda. is a Cooperativa Multiactiva (Multiactive Cooperative), classified as Type C under INCOOP's regulatory framework. In Paraguay, cooperatives are categorized into types based on asset size, with Type C cooperatives having assets below 5 billion Paraguayan Guaraníes for production and savings cooperatives, or below 2.5 billion Guaraníes for other types.

Multiactive cooperatives in Paraguay are authorized to engage in multiple activities including savings and credit operations, production, consumption, services, and work-related activities. This institutional type is distinct from traditional banks and is governed by cooperative legislation (Law 438/94) rather than banking regulations.

Unlike commercial banks supervised by the Central Bank of Paraguay, COODEA Ltda. is regulated by INCOOP and operates under cooperative principles of open membership, democratic control, member economic participation, autonomy, education and training, cooperation among cooperatives, and concern for community.

Question 8

What is INCOOP's role in supervising COODEA Ltda.?

Accepted Answer

The Instituto Nacional de Cooperativismo (INCOOP) serves as the regulatory and supervisory authority for all cooperatives in Paraguay, including COODEA Ltda. Created by Law 2157/03, INCOOP is an autonomous public entity responsible for applying cooperative legislation and controlling cooperative entities.

INCOOP maintains a registry of all cooperatives, approves their legal recognition, establishes typification criteria based on asset size and transparency, and conducts oversight to ensure compliance with cooperative laws and regulations. Through Resolution 30150/2024, INCOOP publishes annual updates on cooperative typification and sectorization, maintaining transparency in the cooperative sector.

For Type C cooperatives like COODEA, INCOOP's supervision focuses on ensuring compliance with fundamental cooperative principles, protection of member interests, and proper financial management practices appropriate to the cooperative's size and scope of operations.

Question 9

How does cooperative membership work at COODEA Ltda.?

Accepted Answer

Membership in COODEA Ltda. follows standard Paraguayan cooperative practices established by Law 438/94. Prospective members typically must be transportation workers or autonomous contractors who meet eligibility requirements defined in the cooperative's social statutes.

The admission process generally requires: submitting a membership application, meeting professional or occupational criteria, paying an entrance fee and subscribing to share certificates (certificados de aportación), and approval by the Board of Directors.

Once admitted, members gain access to all cooperative services, participate in general assemblies with equal voting rights (one member, one vote), and may be elected to governance positions. Members contribute monthly social fees that fund operations and solidarity programs. Capital contributions are proportional and equal among members, and surplus distributions are based on member usage of services rather than capital invested, reflecting the cooperative's democratic and equitable structure.

COODEA Ltda.

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About COODEA Ltda. in Paraguay