Question 1

What is Caprovimpo?

Accepted Answer

Caprovimpo (Caja Promotora de Vivienda Militar y de Policía) is a Colombian government entity specializing in providing housing solutions and financial services to members of Colombia's Armed Forces and National Police. Established as an industrial and commercial enterprise of the state, Caprovimpo facilitates home ownership for military and police personnel and their families.

The institution manages individual savings accounts, administers severance pay (cesantías), provides housing subsidies, and offers financing solutions specifically designed for Colombia's security forces, serving approximately 270,000 members nationwide.

Question 2

When was Caprovimpo founded?

Accepted Answer

Caprovimpo was originally established as Caja de Vivienda Militar by Law 87 of 1947. The institution was reorganized through various decrees (3073 of 1968, 2351 of 1971, 2182 of 1984, and 2162 of 1992) to adapt to changing housing and financial needs.

In the 1990s, the entity was renamed Caja Promotora de Vivienda Militar y de Policía (Caprovimpo) to reflect its expanded mission serving both military personnel and police officers. With over 75 years of history, Caprovimpo has evolved from a basic housing fund to a comprehensive financial institution for Colombia's security forces.

Question 3

Where is Caprovimpo headquartered?

Accepted Answer

Caprovimpo is headquartered in Bogotá, Colombia, operating as an industrial and commercial enterprise of the state (Empresa Industrial y Comercial del Estado) under the Ministry of Defense.

The institution maintains offices throughout Colombia, having implemented a service decentralization plan to bring services closer to members. Regional offices operate in Medellín, Cali, Barranquilla, Bucaramanga, and other major cities where military and police units are located.

Question 4

Where does Caprovimpo operate?

Accepted Answer

Caprovimpo operates throughout all of Colombia, serving military and police personnel stationed across the country's 32 departments. The institution has established service points (Puntos de Atención) in major cities and near military bases, including locations in Bucaramanga, Ibagué, Cartagena, and Base Militar de Tolemaida.

The decentralization strategy ensures that the 270,000 members can access services near their duty stations, eliminating the need to travel to Bogotá for routine transactions. Caprovimpo has delivered housing projects in Bogotá, Soacha, Galapa, Palmira, Buga, Bucaramanga, Piedecuesta, Marinilla, and other municipalities across Colombia.

Question 5

What services does Caprovimpo offer?

Accepted Answer

Caprovimpo provides specialized services for military and police families:

Housing Solutions: Seven different housing acquisition models, including the traditional 14-year program, anticipated housing solutions, solidarity fund for fallen heroes and disabled veterans, and leasing habitacional (housing leasing) with eligibility starting at 2 years of service.

Savings Administration: Individual member accounts managing contributions, severance pay (cesantías) administration with competitive interest rates, and accumulation of housing subsidies.

Financial Services: Housing credits, withdrawal services for education expenses (reduced from 60+ days to 12 days, with goals to reach 5 days), and money management tools for members.

Solidarity Fund: Special housing assistance for families of deceased service members or personnel with reduced physical capacity due to service-related injuries, providing dignified housing at no cost or reduced cost.

Question 6

What makes Caprovimpo unique?

Accepted Answer

Caprovimpo exclusively serves Colombia's military and police forces, understanding the unique financial circumstances and housing challenges faced by security personnel, including frequent relocations and service-related risks.

The Solidarity Fund represents Caprovimpo's commitment to honoring fallen heroes and disabled veterans, having delivered over 2,100 homes worth approximately 100 billion COP to families of service members killed or injured in the line of duty.

Recent innovations include dramatically reduced processing times and the introduction of leasing habitacional, allowing members to access housing after just 2 years of service rather than waiting 8 or 14 years. In 2012 alone, Caprovimpo delivered housing solutions to 10,000 members, and by 2010, had delivered 12,396 homes in a single year.

Question 7

What type of financial institution is Caprovimpo?

Accepted Answer

Caprovimpo operates as an Empresa Industrial y Comercial del Estado (State Industrial and Commercial Enterprise) in Colombia, attached to the Ministry of Defense.

This classification means Caprovimpo is a government-owned entity with legal personality, administrative autonomy, and independent capital, but operating under state oversight. Unlike traditional banks, Caprovimpo's mission is social rather than profit-driven, focused exclusively on facilitating housing access for Colombia's security forces.

The institution is supervised by the Superintendencia Financiera de Colombia regarding its severance pay administration and financial activities, but operates under special regulations governing state enterprises and housing promotion entities. Its specialized mandate distinguishes it from commercial banks, credit unions, or private housing funds.

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