Question 1

What is SUMMA Lida CMACS?

Accepted Answer

SUMMA Lida CMACS is a savings and credit cooperative (Cooperativa Multiactiva de Ahorro, Crédito y Servicios) operating in Paraguay. As a multiactive cooperative, it provides financial services to its members while operating under the cooperative principles of democratic governance and mutual benefit. The institution is regulated by INCOOP (Instituto Nacional de Cooperativismo), Paraguay's national cooperative oversight body.

Question 2

When was SUMMA Lida CMACS founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is SUMMA Lida CMACS headquartered?

Accepted Answer

[Information not publicly available]

Question 4

Where does SUMMA Lida CMACS operate?

Accepted Answer

SUMMA Lida CMACS operates in Paraguay, serving local communities with financial services. The cooperative's operational footprint is focused on providing accessible financial services to members within its designated service areas in the country.

Question 5

What services does SUMMA Lida CMACS offer?

Accepted Answer

As a multiactive savings and credit cooperative, SUMMA Lida CMACS offers a range of financial services to its members. These typically include savings accounts, member loans, and various credit products. The cooperative may also provide additional services such as financial education and community development programs, which are common among Paraguayan cooperatives.

Question 6

What makes SUMMA Lida CMACS unique?

Accepted Answer

SUMMA Lida CMACS operates under the cooperative model, which means it is owned and democratically controlled by its members rather than external shareholders. This structure allows the institution to prioritize member needs and community development over profit maximization. The cooperative's multiactive nature enables it to serve multiple financial needs of its membership base while maintaining strong ties to the local community.

Question 7

What type of financial institution is SUMMA Lida CMACS?

Accepted Answer

SUMMA Lida CMACS is a Type C cooperative in Paraguay's classification system, which indicates cooperatives with assets below 5 billion Guaraníes. It is specifically categorized as a multiactive savings and credit cooperative (Cooperativa Multiactiva de Ahorro, Crédito y Servicios), a common institutional form in Paraguay's extensive cooperative financial sector. The institution operates under the supervision of INCOOP, which regulates all cooperatives in Paraguay according to Law 438/94.

SUMMA Lida CMACS

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About SUMMA Lida CMACS in Paraguay