Question 1

What is Israelita Ltda. C.M.A.C.Con.S.?

Accepted Answer

Israelita Ltda. C.M.A.C.Con.S. is a multiactive cooperative in Paraguay specializing in savings and credit (ahorro y crédito), consumption, and services. The full designation "C.M.A.C.Con.S." stands for "Cooperativa Multiactiva de Ahorro y Crédito, Consumo y Servicios," indicating its comprehensive service model.

The cooperative operates within Paraguay's regulated cooperative sector under the supervision of the Instituto Nacional de Cooperativismo (INCOOP), which oversees all cooperative institutions in the country. As a multiactive cooperative, Israelita combines multiple functions to serve its members, including financial services, consumer goods, and various support services.

Question 2

When was Israelita Ltda. C.M.A.C.Con.S. founded?

Accepted Answer

[Information not publicly available]

While the cooperative appears in official INCOOP registries, specific founding details such as the establishment date, original founders, and early history are not documented in publicly accessible sources.

Question 3

Where is Israelita Ltda. C.M.A.C.Con.S. headquartered?

Accepted Answer

[Information not publicly available]

The cooperative is registered in Paraguay but specific location details, including the city and physical address of its headquarters, are not available in public records.

Question 4

Where does Israelita Ltda. C.M.A.C.Con.S. operate?

Accepted Answer

Israelita Ltda. C.M.A.C.Con.S. operates within Paraguay, serving members in accordance with the country's cooperative regulations. The cooperative's operational scope is limited to Paraguay, as the INCOOP regulatory framework governs only domestic cooperative activities.

Paraguayan cooperatives typically serve local communities and specific member groups. The precise geographic coverage within Paraguay is not publicly documented.

Question 5

What services does Israelita Ltda. C.M.A.C.Con.S. offer?

Accepted Answer

As a multiactive cooperative of savings and credit, consumption, and services, Israelita offers:

Financial Services: Savings accounts for members, credit facilities for cooperative members, and management of member deposits. Under INCOOP regulations, cooperatives can capture savings from members and other cooperatives, placing them in credit facilities for members.

Consumption Services: Access to consumer goods and services for cooperative members, which is common among multiactive cooperatives in Paraguay.

Additional Services: Various support services designed to benefit the cooperative's membership base, though specific details are not publicly available.

The cooperative operates under INCOOP's regulatory framework, which classifies cooperatives by size (Type A, B, or C) based on total assets. This classification determines the scope of permissible operations and supervisory requirements.

Question 6

What makes Israelita Ltda. C.M.A.C.Con.S. unique?

Accepted Answer

The name "Israelita" (Israelite) suggests a connection to Paraguay's Jewish community, which has a significant historical presence in the country. Paraguay has been home to Jewish immigrants since the late 19th century, with the community establishing itself primarily in Asunción, the capital.

The cooperative's multiactive structure allows it to serve members across multiple dimensions—financial, consumption, and services—rather than specializing in a single area. This integrated approach is characteristic of Paraguay's cooperative sector, where approximately 65% of cooperatives focus on savings and credit activities.

Paraguay's cooperative sector is substantial, with cooperatives concentrating approximately 46% of total savings in the country's financial system and serving over 1.5 million active account holders.

Question 7

What type of financial institution is Israelita Ltda. C.M.A.C.Con.S.?

Accepted Answer

Israelita Ltda. C.M.A.C.Con.S. is a multiactive savings and credit cooperative (cooperativa multiactiva de ahorro y crédito) registered and supervised by INCOOP.

In Paraguay's cooperative classification system, there are three main sectors: production cooperatives, savings and credit cooperatives, and other types. Israelita falls into the savings and credit category while also being multiactive, meaning it provides consumption and service functions beyond pure financial intermediation.

Cooperatives in Paraguay are further classified into three types based on asset size: Type A (assets over 50 billion guaraníes), Type B (assets between 5 and 50 billion guaraníes), and Type C (assets under 5 billion guaraníes). Each type faces different regulatory requirements and operational permissions.

Unlike banks regulated by the Central Bank of Paraguay (BCP), cooperatives operate under a separate regulatory framework administered by INCOOP, which was established under Law 438/1994 and subsequent regulations.

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Israelita Ltda. C.M.A.­C.Con.­S.