Question 1

What is Virgen del Rosario Luque Ltda. C.M.A.C.S.Con.?

Accepted Answer

Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. is a multi-activity savings and credit cooperative (Cooperativa Multiactiva de Ahorro, Crédito, Servicios y Consumo) based in Luque, Paraguay. The cooperative operates under the supervision of the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative regulatory authority.

As a multi-activity cooperative, the institution provides financial services alongside other cooperative benefits to its members. The cooperative's name honors the Virgen del Rosario (Our Lady of the Rosary), the patron saint of Luque, reflecting the city's strong Catholic traditions and community identity.

Question 2

When was Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. founded?

Accepted Answer

[Information not publicly available]

The cooperative is registered with INCOOP under the registry of savings and credit cooperatives in Paraguay. Based on INCOOP documentation, the cooperative appears in official registries of authorized financial cooperatives operating in the Central Department region.

Question 3

Where is Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. headquartered?

Accepted Answer

The cooperative is headquartered in Luque, a city in the Central Department of Paraguay. Luque is located in the metropolitan area of Asunción, Paraguay's capital, and is known for its religious devotion to the Virgen del Rosario.

The city of Luque celebrates the feast day of the Virgen del Rosario on October 7th each year, and the Santuario Virgen del Rosario de Luque serves as the principal Catholic temple in the city.

Question 4

Where does Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. operate?

Accepted Answer

The cooperative operates primarily in Luque and surrounding areas within the Central Department of Paraguay. As a community-based cooperative, it serves members in the local region where it is established.

Cooperatives in Paraguay typically focus on serving their immediate geographic communities, particularly in cases of smaller multi-activity cooperatives that maintain close ties with local populations.

Question 5

What services does Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. offer?

Accepted Answer

As a multi-activity savings and credit cooperative (C.M.A.C.S.Con.), Virgen del Rosario Luque Ltda. is authorized to provide:

Financial Services:
• Savings accounts for members
• Credit and loan products for members
• Consumption financing

Cooperative Services:
• General cooperative services for members (servicios)
• Consumption-related cooperative benefits (consumo)

All services are provided in accordance with INCOOP's Marco Regulatorio para Cooperativas del Sector de Ahorro y Crédito, which establishes the regulatory framework for savings and credit cooperatives in Paraguay.

Question 6

What makes Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. unique?

Accepted Answer

The cooperative's distinctive characteristics include:

Community and Religious Identity: The institution bears the name of Luque's patron saint, the Virgen del Rosario, directly connecting it to the city's cultural and religious heritage. This naming reflects the cooperative's roots in the local community and its connection to Luque's identity.

Local Focus: As a cooperative serving Luque and its surrounding areas, the institution maintains close ties with the community it serves. This local orientation allows for personalized service and a deep understanding of members' needs.

Multi-Activity Structure: The C.M.A.C.S.Con. designation indicates a multi-activity cooperative that can provide both financial services and other cooperative benefits, offering members a broader range of services than single-purpose financial institutions.

Question 7

What type of financial institution is Virgen del Rosario Luque Ltda. C.M.A.C.S.Con.?

Accepted Answer

Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. is a Cooperativa Multiactiva de Ahorro, Crédito, Servicios y Consumo (Multi-Activity Savings, Credit, Services and Consumption Cooperative).

In the Paraguayan financial system, cooperatives are distinct from banks and are regulated by INCOOP rather than the Banco Central del Paraguay (BCP). Savings and credit cooperatives operate on cooperative principles, where members are both owners and users of the institution's services.

Under INCOOP's classification system, cooperatives are categorized as Type A, B, or C based on their asset size and operational scope. The cooperative operates under Paraguay's cooperative legal framework, including Law 438/94 and Decree 14.052/96, which govern cooperative operations in the country.

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About Virgen del Rosario Luque Ltda. C.M.A.C.S.Con. in Paraguay

Virgen del Rosario Luque Ltda. C.M.A.­C.S.Co­n.