Question 1

What is Societaria Hospicio R.L.?

Accepted Answer

Societaria Hospicio R.L. is a closed credit and savings cooperative (Cooperativa de Ahorro y Crédito Societaria) operating in Bolivia. As a societaria cooperative, it is a member-owned financial institution that provides savings and credit services exclusively to its members (socios). The cooperative is regulated by Bolivia's Autoridad de Supervisión del Sistema Financiero (ASFI) and operates under the country's banking and financial entities legal framework.

Societaria cooperatives in Bolivia are non-bank financial intermediaries constituted as cooperative societies. They focus on serving their member base with tailored financial products.

Question 2

When was Societaria Hospicio R.L. founded?

Accepted Answer

[Information not publicly available]

While specific founding details are not documented in public sources, the cooperative received its operating license from ASFI on August 26, 2022, with formal operations commencing on January 23, 2023. This licensing represents the cooperative's formal recognition as a regulated financial entity under Bolivia's Law 3892 of 2008.

Question 3

Where is Societaria Hospicio R.L. headquartered?

Accepted Answer

Societaria Hospicio R.L. is headquartered in Cochabamba, Bolivia. Cochabamba is the fourth-largest city in Bolivia and serves as an important economic center in the country's central region.

The cooperative's operations are centered in the Cochabamba department.

Question 4

Where does Societaria Hospicio R.L. operate?

Accepted Answer

Societaria Hospicio R.L. operates in the Cochabamba department of Bolivia. According to ASFI documentation, the cooperative maintains its presence within this region.

As a societaria cooperative, its geographic reach is typically focused on serving its established member base within its operational territory.

Question 5

What services does Societaria Hospicio R.L. offer?

Accepted Answer

As a credit and savings cooperative, Societaria Hospicio R.L. offers financial services exclusively to its members. These typically include:

Savings Products: Various savings accounts allowing members to deposit funds and earn returns on their capital contributions.

Credit Services: Loans and credit facilities designed to meet the financial needs of cooperative members, including personal loans, consumer credit, and potentially productive loans.

Member Services: Financial services tailored to the cooperative's member base, operating under the cooperative principle of mutual support and shared ownership.

Unlike open cooperatives (cooperativas abiertas), societaria cooperatives cannot offer services to the general public and must limit their operations to registered members who hold aportación certificates (capital contribution certificates).

Question 6

What makes Societaria Hospicio R.L. unique?

Accepted Answer

Societaria Hospicio R.L. operates under the distinctive cooperative model that emphasizes member ownership and democratic governance. Several features distinguish this institution:

Member-Exclusive Operations: The cooperative serves only its members, creating a close-knit financial community with shared interests and mutual support principles.

Regulated Status: As one of the societaria cooperatives that successfully completed the ASFI licensing process, it operates under formal supervision, providing members with regulatory protections similar to other supervised financial entities.

Recent Formalization: Having received its license in 2022 and begun operations in 2023, the cooperative represents Bolivia's ongoing effort to bring societaria cooperatives into the formal regulated financial sector, enhancing transparency and consumer protection.

Question 7

What type of financial institution is Societaria Hospicio R.L.?

Accepted Answer

Societaria Hospicio R.L. is classified as a Cooperativa de Ahorro y Crédito Societaria (Closed Credit and Savings Cooperative) in Bolivia. This is a specific type of non-bank financial intermediary recognized under Bolivian financial law.

Societaria cooperatives are member-owned institutions that conduct savings and credit operations exclusively with their members. They differ from cooperativas abiertas (open cooperatives), which can serve the general public and other financial entities. Following Law 3892 of 2008, formerly "closed" cooperatives were reclassified as "societarias" and brought under ASFI supervision.

This institutional type emphasizes cooperative principles including democratic member control, member economic participation, and concern for community.

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