Q: When was Cooperativa de Ahorro y Crédito Credi Q Ltda. founded?

Cooperativa de Ahorro y Crédito Credi Q Ltda. began its activities on May 1, 2019, according to public registry records. The cooperative was established as a member-based financial institution organized under cooperative principles, where members are both owners and users of the financial services provided. The founding coincided with the implementation of Peru's new regulatory framework for cooperatives, which brought all COOPACs under formal SBS supervision.

Question 1

What is Cooperativa de Ahorro y Crédito Credi Q Ltda.?

Accepted Answer

Cooperativa de Ahorro y Crédito Credi Q Ltda. (COOPAC Credi Q) is a savings and credit cooperative located in Chiclayo, Peru. As a COOPAC, it is a member-based financial cooperative that provides savings and lending services to its cooperative members. The institution operates under the supervision of Peru's Superintendencia de Banca, Seguros y AFP (SBS), which has supervised the COOPAC sector since January 2019 following the enactment of Law No. 30822.

COOPAC Credi Q serves individuals and small businesses in the Lambayeque region, focusing on financial inclusion for communities that may have limited access to traditional banking services.

Question 2

When was Cooperativa de Ahorro y Crédito Credi Q Ltda. founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Credi Q Ltda. (COOPAC Credi Q) is a savings and credit cooperative located in Chiclayo, Peru. As a COOPAC, it is a member-based financial cooperative that provides savings and lending services to its cooperative members. The institution operates under the supervision of Peru's Superintendencia de Banca, Seguros y AFP (SBS), which has supervised the COOPAC sector since January 2019 following the enactment of Law No. 30822.

COOPAC Credi Q serves individuals and small businesses in the Lambayeque region, focusing on financial inclusion for communities that may have limited access to traditional banking services.

Question 3

Where is Cooperativa de Ahorro y Crédito Credi Q Ltda. headquartered?

Accepted Answer

COOPAC Credi Q is headquartered in Chiclayo, Lambayeque, Peru. The cooperative's legal address is located at Av. Pedro Ruiz Gallo No. 763, 5th Floor, in the Cercado de Chiclayo district. Chiclayo is the capital city of the Lambayeque region in northern Peru, serving as an important commercial and agricultural center.

Question 4

Where does Cooperativa de Ahorro y Crédito Credi Q Ltda. operate?

Accepted Answer

COOPAC Credi Q operates primarily in the Lambayeque region of Peru, with its base of operations in Chiclayo. The cooperative serves members in the surrounding areas of the Lambayeque department. As a locally-focused cooperative, it concentrates on providing financial services to communities within its immediate geographic region, consistent with the cooperative model of serving specific member populations.

Question 5

What services does Cooperativa de Ahorro y Crédito Credi Q Ltda. offer?

Accepted Answer

As a savings and credit cooperative, COOPAC Credi Q offers the following services to its cooperative members:

Savings Products: Various savings account options allowing members to deposit funds and earn returns while building their capital stake in the cooperative.

Credit Products: Loans and credit facilities designed for members' personal, business, and entrepreneurial needs, with a focus on supporting small businesses and microenterprises.

Membership Benefits: As a cooperative, members participate in the capital social of the entity and have voting rights in cooperative governance decisions.

All services are provided exclusively to cooperative members, as COOPACs operate on the principle of mutual assistance among members rather than serving the general public.

Question 6

What makes Cooperativa de Ahorro y Crédito Credi Q Ltda. unique?

Accepted Answer

COOPAC Credi Q distinguishes itself through several characteristics:

Cooperative Structure: Unlike traditional banks, members are owners of the cooperative, participating in governance through democratic processes and sharing in the cooperative's success.

Local Focus: The cooperative concentrates on serving the Lambayeque region, understanding local economic conditions and the specific needs of its community members.

Financial Inclusion Mission: COOPACs like Credi Q play a vital role in extending financial services to individuals and small businesses that may be underserved by traditional banking institutions, particularly in Peru's regional markets.

Member-Centric Approach: All operations are oriented toward member benefit rather than profit maximization, with surplus returns typically distributed to members or reinvested in cooperative services.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Credi Q Ltda.?

Accepted Answer

COOPAC Credi Q is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC), which translates to a Credit Union or Savings and Credit Cooperative Not Authorized to Accept Deposits from the Public. In Peru, COOPACs are associative entities without profit-seeking objectives that provide savings and lending services exclusively to their cooperative members.

COOPACs operate under a three-level modular regulatory system established by Law No. 30822. The level classification is based on total assets: Level 1 (up to 600 UIT), Level 2 (more than 600 to 65,000 UIT), and Level 3 (over 65,000 UIT). Each level determines the scope of permitted operations and regulatory requirements.

Unlike commercial banks that serve the general public, COOPACs operate on cooperative principles where membership requires a capital contribution, and members have both ownership rights and access to services. This structure is recognized throughout Peru as a distinct category of financial institution focused on mutual assistance and financial inclusion.

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