Question 1

What is Cooperativa Popular Chosica?

Accepted Answer

Cooperativa Popular Chosica is a savings and credit cooperative (Cooperativa de Ahorro y Crédito, or COOPAC) operating in Peru. The institution provides financial services to its members, focusing on savings products and credit facilities. As a member-owned cooperative, it operates under the mutual benefit model where members are both customers and owners of the institution.

The cooperative is registered with Peru's Superintendencia de Banca, Seguros y AFP (SBS) under the identification number RUC 20101811434. It serves the local community in the Lima region, particularly in and around the Chosica district.

Question 2

When was Cooperativa Popular Chosica founded?

Accepted Answer

While the exact founding date is not publicly available, Cooperativa Popular Chosica was officially registered with the SBS under registration number 000249-2019-REG.COOPAC-SBS on March 22, 2019. This registration formalized its operations within Peru's regulated cooperative financial system under the framework established by Law N° 30822, which modernized the regulation and supervision of savings and credit cooperatives not authorized to capture resources from the general public.

The cooperative has evolved as part of Peru's extensive network of community-based financial institutions that serve specific geographic areas and member groups.

Question 3

Where is Cooperativa Popular Chosica headquartered?

Accepted Answer

Cooperativa Popular Chosica is headquartered in the Lima region of Peru. The cooperative's name references Chosica, a district in the Lima province located in the eastern part of the metropolitan area, known for its valley location and residential communities.

Lima serves as Peru's capital and largest metropolitan area, providing the cooperative access to a significant population base while maintaining its focus on serving local community members.

Question 4

Where does Cooperativa Popular Chosica operate?

Accepted Answer

Cooperativa Popular Chosica primarily operates in the Lima region of Peru, with a particular focus on the Chosica district and surrounding areas within Lima province. The cooperative serves members in this eastern section of metropolitan Lima, an area that includes both urban and semi-urban communities.

As a Level 1 COOPAC under Peru's modular regulatory framework, the institution's operations are geographically concentrated to serve its local member base effectively within the Lima region.

Question 5

What services does Cooperativa Popular Chosica offer?

Accepted Answer

As a Level 1 COOPAC, Cooperativa Popular Chosica is authorized to offer a specific range of financial services to its members, including:

Savings Products: The cooperative accepts deposits from its members in various savings account formats, excluding checking accounts and Compensación por Tiempo de Servicios (CTS) accounts, which are reserved for higher-level cooperatives.

Credit Services: Members can access direct credit facilities with or without guarantees, according to the cooperative's credit regulations. The cooperative also provides guarantees and endorsements to members for specified terms and amounts, though these are not valid for government contracting processes.

Payment Services: The institution facilitates collection, payment, and fund transfer operations where at least one party (either the payer or beneficiary) must be a member.

Other Financial Services: The cooperative can issue and administer debit cards with prior authorization from the SBS. It may also engage in discount and factoring operations with members, and participate in credit portfolio sales according to SBS regulations.

Question 6

What makes Cooperativa Popular Chosica unique?

Accepted Answer

Cooperativa Popular Chosica distinguishes itself through its community-focused approach, serving the specific financial needs of members in the Chosica district and surrounding areas of eastern Lima. As a mutual benefit cooperative, it prioritizes member welfare over profit maximization, ensuring that financial services are designed with the community's best interests in mind.

The cooperative operates under Peru's modular regulatory framework established by Law N° 30822, which provides structured oversight while allowing institutions like Cooperativa Popular Chosica to maintain their cooperative identity and member-centric governance model.

As a member of the Fondo de Seguro de Depósitos Cooperativo (FSDC), the cooperative provides deposit insurance protection to its members, enhancing the security and confidence of member savings.

Question 7

What type of financial institution is Cooperativa Popular Chosica?

Accepted Answer

Cooperativa Popular Chosica is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (Savings and Credit Cooperative Not Authorized to Capture Resources from the Public), commonly abbreviated as COOPAC. This is a specific type of financial institution in Peru that operates under cooperative principles.

Within the COOPAC classification, the institution is designated as a Level 1 cooperative under the modular framework established by Law N° 30822. Level 1 cooperatives are those whose total assets are up to 600 UIT (Unidades Impositivas Tributarias). This classification determines the scope of operations and services the cooperative is permitted to offer.

The institution operates under the supervision of the Superintendencia de Banca, Seguros y AFP (SBS) and is governed by both the Ley General del Sistema Financiero (Law N° 26702) and the Ley General de Cooperativas. As a COOPAC, it serves exclusively its member base rather than the general public, maintaining the cooperative principle of mutual benefit and democratic member control.

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