Question 1

What is Cooperativa de Ahorro y Crédito San Antonio de Padua?

Accepted Answer

Cooperativa de Ahorro y Crédito San Antonio de Padua is a savings and credit cooperative operating in Peru. Named after Saint Anthony of Padua, the patron saint known for helping the poor and oppressed, this COOPAC provides financial services to its cooperative members. The institution operates under the regulatory supervision of Peru's Superintendencia de Banca, Seguros y AFP (SBS).

Question 2

When was Cooperativa de Ahorro y Crédito San Antonio de Padua founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito San Antonio de Padua headquartered?

Accepted Answer

[Information not publicly available]

Question 4

Where does Cooperativa de Ahorro y Crédito San Antonio de Padua operate?

Accepted Answer

The cooperative operates within Peru, serving members in its designated geographic area. As a locally-focused cooperative, it maintains operations to serve its member community within the country.

Question 5

What services does Cooperativa de Ahorro y Crédito San Antonio de Padua offer?

Accepted Answer

As a savings and credit cooperative, San Antonio de Padua provides financial services designed for its cooperative members:

Savings Products: Members can open and maintain savings accounts to accumulate funds, with deposits protected by the Fondo de Seguro de Depósitos Cooperativo (FSDC) up to the regulatory limits established by the SBS.

Credit Services: The cooperative offers loans to members for various purposes, including:
• Personal consumption needs
• Small business and microenterprise financing
• Working capital for productive activities
• Emergency financial assistance

Member Benefits: As part of the cooperative structure, members have voting rights in governance decisions and access to financial education programs.

Member Services: The institution may offer additional benefits consistent with cooperative principles, such as social funds and solidarity programs.

All services are available exclusively to cooperative members who have completed the membership process and maintain good standing.

Question 6

What makes Cooperativa de Ahorro y Crédito San Antonio de Padua unique?

Accepted Answer

The cooperative's name honors San Antonio de Padua (Saint Anthony of Padua), a Franciscan friar known for his work helping the poor and marginalized. This naming reflects the institution's commitment to serving members who may face barriers to accessing traditional banking services.

As a member-owned cooperative, San Antonio de Padua operates under principles of solidarity, mutual assistance, and democratic governance. Members are both owners and users of the cooperative's financial services, with each member having equal voting rights regardless of their capital contribution.

The cooperative is incorporated into the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides deposit insurance coverage for member savings up to S/5,000 per member, as established by Resolution SBS No. 5061-2018.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito San Antonio de Padua?

Accepted Answer

Cooperativa de Ahorro y Crédito San Antonio de Padua is a Cooperativa de Ahorro y Crédito (COOPAC), which is the Peruvian institutional designation for savings and credit cooperatives. It operates as a COOPAC not authorized to capture public deposits.

The institution is regulated by the SBS through its Superintendencia Adjunta de Cooperativas (SACOOP) under Law 30822 (effective since January 1, 2019) and the General Regulation for COOPACs (Resolution SBS No. 0480-2019).

As a cooperative financial institution, it is member-owned and democratically governed, distinguishing it from commercial banks that operate for profit. COOPACs in Peru focus exclusively on serving their members rather than the general public, emphasizing financial inclusion and community development.

Cooperativa de Ahorro y Crédito San Antonio de Padua

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About Cooperativa de Ahorro y Crédito San Antonio de Padua in Peru