Question 1

What is Aseguradores Ltda.?

Accepted Answer

Aseguradores Ltda. (formally known as DE ASEGURADORES Ltda. C.M.A.C.Con.S.) is a multi-purpose savings and credit cooperative based in Asunción, Paraguay. The institution operates as a Cooperativa Multiactiva de Ahorro y Crédito, Consumo y Servicios (Multi-purpose Cooperative of Savings and Credit, Consumption and Services), providing financial services and support to its members.

As a Type C cooperative registered with the Instituto Nacional de Cooperativismo (INCOOP), Aseguradores Ltda. is part of Paraguay's extensive cooperative sector, which represents approximately 10% of the country's financial system and serves nearly 2 million members nationwide.

Question 2

When was Aseguradores Ltda. founded?

Accepted Answer

Aseguradores Ltda. was founded and registered as cooperative number 421 with INCOOP. The institution has been operating in Paraguay's cooperative sector, serving its members through savings and credit services.

While the exact founding date is not publicly available, the cooperative appears in official INCOOP directories dating back to 2011, indicating it has been serving the Paraguayan community for over a decade.

Question 3

Where is Aseguradores Ltda. headquartered?

Accepted Answer

Aseguradores Ltda. is headquartered in Asunción, the capital city of Paraguay. According to official records, the cooperative's registered office is located at O'Leary N° 1745 c/ Dupuis in the capital district.

Asunción serves as the primary financial center of Paraguay, making it a strategic location for the cooperative to serve its member base.

Question 4

Where does Aseguradores Ltda. operate?

Accepted Answer

Aseguradores Ltda. operates primarily in the Capital district of Asunción, Paraguay. As a locally-focused cooperative, the institution serves members within the greater Asunción metropolitan area.

The cooperative's operations are concentrated in Paraguay's capital region, where it provides accessible financial services to individuals and families in the local community.

Question 5

What services does Aseguradores Ltda. offer?

Accepted Answer

As a C.M.A.C.Con.S. (Multi-purpose Cooperative of Savings and Credit, Consumption and Services), Aseguradores Ltda. offers a range of cooperative financial services, including:

Savings Products: Deposit accounts and savings programs for members to build financial security and earn returns on their funds.

Credit Services: Loan products designed to meet the financing needs of members, including personal loans, consumer credit, and other lending solutions.

Consumer Services: Additional services related to consumption needs of cooperative members.

Member Services: Social and educational programs aligned with cooperative principles, helping members improve their financial literacy and economic well-being.

All services are provided exclusively to cooperative members in accordance with Paraguayan cooperative law and INCOOP regulations.

Question 6

What makes Aseguradores Ltda. unique?

Accepted Answer

Aseguradores Ltda. operates under the distinctive cooperative model, which sets it apart from traditional banks. Key differentiators include:

Member Ownership: The cooperative is owned and democratically controlled by its members, with each member having an equal vote regardless of their capital contribution.

Community Focus: As a locally-based institution, Aseguradores Ltda. is deeply rooted in the Asunción community, serving members who live and work in the capital region.

Cooperative Values: The institution operates according to the seven international cooperative principles, including voluntary and open membership, democratic member control, member economic participation, and concern for community.

Regulatory Framework: As a Type C cooperative supervised by INCOOP, Aseguradores Ltda. operates under specialized cooperative regulations that differ from traditional banking supervision.

Question 7

What type of financial institution is Aseguradores Ltda.?

Accepted Answer

Aseguradores Ltda. is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), specifically classified as a Type C cooperative in Paraguay's regulatory framework.

In Paraguay's cooperative classification system established by INCOOP, Type C cooperatives are institutions with assets below 5,000 million guaraníes (approximately USD 675,000). These are typically smaller, community-based cooperatives that serve local populations.

The cooperative sector in Paraguay is distinct from the banking sector and is regulated by the Instituto Nacional de Cooperativismo (INCOOP) under Law No. 438/1994 (Cooperatives Law) and Law No. 2157/2003. Cooperatives like Aseguradores Ltda. provide an alternative to traditional banking, emphasizing member service over profit maximization and democratic governance over hierarchical management structures.

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About Aseguradores Ltda. in Paraguay

Asegur­adores Ltda.