Question 1

What is Societaria Cantera R.L.?

Accepted Answer

Societaria Cantera R.L. is a closed credit union (Cooperativa de Ahorro y Crédito Societaria) based in Irpa Irpa, Cochabamba Department, Bolivia. As a societaria-type cooperative, it provides savings and credit services exclusively to its members, distinguishing it from "open" cooperatives that can serve the general public. The institution operates under the supervision of Bolivia's Autoridad de Supervisión del Sistema Financiero (ASFI).

Societaria Cantera R.L. is one of the smaller cooperatives that successfully completed the regulatory adaptation process required by Bolivian law. It serves a specific membership base within the Cochabamba region.

Question 2

When was Societaria Cantera R.L. founded?

Accepted Answer

The exact founding date of Societaria Cantera R.L. is not publicly documented. However, the cooperative was operating prior to the promulgation of Law 3892 in June 2008, which required all closed cooperatives in Bolivia to enter a regulatory adaptation process.

The institution underwent this mandatory adaptation process and successfully obtained its official operating license from ASFI on August 26, 2022. It commenced regulated operations on January 23, 2023, marking its transition into a fully licensed financial institution under Bolivian banking law.

Question 3

Where is Societaria Cantera R.L. headquartered?

Accepted Answer

Societaria Cantera R.L. is headquartered in Irpa Irpa, located in the Cochabamba Department of Bolivia. Irpa Irpa is a locality within the greater Cochabamba metropolitan area.

The cooperative's central office serves as its primary operational hub for serving its member base in the region.

Question 4

Where does Societaria Cantera R.L. operate?

Accepted Answer

Societaria Cantera R.L. operates exclusively in the Cochabamba Department of Bolivia. According to ASFI records, the cooperative has a presence only in Cochabamba and does not maintain branches or operations in other Bolivian departments.

As a societaria-type cooperative, its operations are geographically focused on serving its specific membership community. The institution does not have the broad geographic footprint typical of open cooperatives or commercial banks.

Question 5

What services does Societaria Cantera R.L. offer?

Accepted Answer

Societaria Cantera R.L. offers savings and credit services exclusively to its registered members. As a Cooperativa de Ahorro y Crédito Societaria (closed credit union), the institution provides:

Savings Products: The cooperative accepts deposits from its members through voluntary contribution certificates (certificados de aportación voluntarios). Members can maintain savings accounts and time deposits.

Credit Services: Members can access various credit products for personal, productive, and commercial purposes. Lending is restricted exclusively to registered members in accordance with societaria cooperative regulations.

Unlike open cooperatives or commercial banks, Societaria Cantera R.L. cannot provide services to the general public. All financial operations must be conducted solely with its member base, as mandated by ASFI regulations for closed cooperatives.

Question 6

What makes Societaria Cantera R.L. unique?

Accepted Answer

Societaria Cantera R.L. is distinguished by its member-exclusive operational model. As a closed cooperative, it operates on cooperative principles where members are both owners and customers of the institution.

The cooperative successfully navigated Bolivia's complex regulatory adaptation process established by Law 3892. This multi-year process required demonstrating financial viability, implementing proper governance structures, and meeting ASFI's prudential requirements. Only cooperatives meeting strict financial and operational standards received operating licenses.

Its focus on serving a specific community in Irpa Irpa reflects the localized, member-centric approach typical of societaria cooperatives. This contrasts with larger open cooperatives that serve broader populations across multiple departments.

Question 7

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

Accepted Answer

Societaria Cantera R.L. is classified as a Cooperativa de Ahorro y Crédito Societaria (Closed Credit Union) under Bolivian financial regulations. This is a specific institutional category established by Law 3892 of June 2008.

Societarias are non-banking financial intermediaries organized as cooperative societies with a single purpose: providing savings and credit services exclusively to their members. They differ fundamentally from "Cooperativas Abiertas" (Open Credit Unions), which can conduct operations with members, the general public, and other financial institutions.

Under ASFI supervision, societaria cooperatives must comply with prudential regulations similar to other supervised financial entities. However, their closed membership structure means they serve a more limited and defined population compared to open cooperatives or commercial banks. The institution operates within Bolivia's cooperative financial sector framework while maintaining its distinctive member-only service model.

Societaria Cantera R.L.

in Bolivia 🇧🇴

Crypto-Friendliness

All done!

About Societaria Cantera R.L. in Bolivia