Question 1

What is Cooperativa Lambaré?

Accepted Answer

Cooperativa Lambaré is a Type A savings and credit cooperative operating in Paraguay. Officially registered as LAMBARE Ltda. C.M.A.C.Con.P.S. (Cooperativa Multiactiva de Ahorro, Crédito, Consumo, Producción y Servicios), it serves approximately 34,630 active members.

The cooperative primarily serves middle and lower-income individuals, offering personal consumption loans, savings accounts, and other financial services. As a Type A cooperative under Paraguay's regulatory classification, it is supervised by the Instituto Nacional de Cooperativismo (INCOOP) and registered under INCOOP Registry Number 73.

Question 2

When was Cooperativa Lambaré founded?

Accepted Answer

Cooperativa Lambaré was founded on December 2, 1990. The cooperative received its legal personality through Executive Decree No. 17,697 on April 12, 1993, and was inscribed in the Cooperative Registry under No. 437.

The cooperative was established to provide accessible financial services to communities in and around Lambaré, following the universal principles and values of the cooperative movement. It has since grown to become one of Paraguay's significant Type A credit cooperatives.

Question 3

Where is Cooperativa Lambaré headquartered?

Accepted Answer

Cooperativa Lambaré's headquarters is located in the city of Lambaré, Paraguay, on Cacique Lambaré Street. Lambaré is part of the Greater Asunción metropolitan area in the Central Department of Paraguay.

The headquarters facility includes Salón U, an auditorium space used for official events, member meetings, and cooperative activities.

Question 4

Where does Cooperativa Lambaré operate?

Accepted Answer

Cooperativa Lambaré operates primarily in the Greater Asunción metropolitan area of Paraguay. The cooperative maintains its main office in Lambaré and operates six branches total, with one branch located in Asunción and five others strategically positioned throughout the region.

This branch network allows the cooperative to serve members across multiple municipalities in the Central Department, providing convenient access to financial services for urban and suburban communities in Paraguay's most populous region.

Question 5

What services does Cooperativa Lambaré offer?

Accepted Answer

Cooperativa Lambaré provides a comprehensive range of financial services, including:

Credit Services: Personal consumption loans, primarily for personal expenses, with average loan amounts tailored to small borrowers. The cooperative serves approximately 16,523 members with active credit accounts.

Savings Products: Savings accounts (both demand and term deposits) serving over 12,000 members with deposit accounts.

Card Services: Credit cards for approximately 9,461 members and debit cards for 2,193 members, integrated with Paraguay's payment networks including Procard and Dinelco.

Digital Banking: The Lambaré Digital app, launched in October 2024, offers mobile banking with QR code payments, SIPAP transfers, and secure transaction management. The app is available on Android with iOS coming soon.

Money Transfer Services: "Lambaré Giro" allows members to send money to non-members who can collect funds at five different payment network locations. The cooperative was a pioneer in implementing SIPAP (Sistema de Pagos del Paraguay) transfers, enabling real-time interbank transactions.

Social Benefits: Subsidies for 2,670 members, free medical attention for 3,731 members through partnership with PROMED Medicina Prepaga, and educational programs serving 1,417 members annually.

Question 6

What makes Cooperativa Lambaré unique?

Accepted Answer

Digital Innovation Leader: Cooperativa Lambaré was the first cooperative in Paraguay to implement SIPAP transfers and pioneered digital payment solutions in the cooperative sector. The Lambaré Digital app features advanced security with unique device authentication, QR code functionality, and comprehensive anti-fraud protections.

Personalized Risk Profiling: Unlike standard market practices, the cooperative individually profiles each member's transaction limits and transfer capabilities based on their specific patterns and needs, rather than using global parameters.

Strong Social Commitment: The cooperative operates a Solidarity Fund providing substantial social benefits including medical care, subsidies, and educational programs, demonstrating commitment to cooperative principles beyond financial services.

Solid Financial Performance: As of December 2018, the cooperative maintained healthy financial indicators with operational profitability (Net Operating Margin/Portfolio) of 9.23%, significantly outperforming the Type A cooperative average in key metrics. The institution has received a BB+py credit rating from Evaluadora.

Question 7

What type of financial institution is Cooperativa Lambaré?

Accepted Answer

Cooperativa Lambaré is classified as a Cooperativa de Ahorro y Crédito Tipo A (Type A Savings and Credit Cooperative) under Paraguay's cooperative regulatory framework. This is the highest classification tier for savings and credit cooperatives in Paraguay.

Type A cooperatives represent the largest and most sophisticated credit unions in the country, subject to enhanced regulatory oversight by INCOOP under Law No. 438/94. This classification indicates substantial membership, asset size, and operational complexity. As a multiactiva (multiactive) cooperative, it is authorized to provide diverse services including savings, credit, consumption, production, and various member services.

The cooperative operates within Paraguay's solidarity economy sector, following cooperative principles while providing banking-like services to its member-owners. Its operations are governed by cooperative law rather than banking regulations, though it participates in Paraguay's formal payment systems including SIPAP.

Cooperativa Lambaré

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About Cooperativa Lambaré in Paraguay