Question 1

What is Coomutic?

Accepted Answer

Coomutic (formally COOMUTIC Ltda. C.M.A.C.Capac.P.S.) is a multiactivity cooperative in Paraguay that specializes in savings and credit services, training, production, and various member services. As a Type C cooperative registered with the Instituto Nacional de Cooperativismo (INCOOP), Coomutic operates under Paraguay's cooperative regulatory framework.

The cooperative follows the multiactivity model common in Paraguay, where financial services are combined with training and capacity-building programs for members. This integrated approach reflects Paraguay's strong cooperative tradition, where 11.7% of the financial-banking sector consists of cooperative institutions.

Question 2

When was Coomutic founded?

Accepted Answer

[Information not publicly available]

While the specific founding date of Coomutic is not documented in public records, the cooperative is registered with INCOOP as an active financial institution. Like many Paraguayan cooperatives, it likely emerged from the country's cooperative expansion during the late 20th and early 21st centuries, when the sector experienced significant growth to serve underbanked communities.

Question 3

Where is Coomutic headquartered?

Accepted Answer

[Information not publicly available]

Coomutic operates in Paraguay, though the specific city or region of its headquarters is not documented in publicly available sources. As a Type C cooperative, it likely serves a local or regional community, which is typical for smaller cooperatives in Paraguay's three-tiered cooperative structure.

Question 4

Where does Coomutic operate?

Accepted Answer

Coomutic operates in Paraguay, serving members within the country's cooperative financial system. As a Type C cooperative (the classification for cooperatives with assets below 5,000,000,000 Guaraníes), it typically focuses on a specific locality or region within Paraguay.

Paraguay's cooperative sector is organized geographically and by economic activity, with cooperatives often serving specific communities, professional groups, or regional populations. Coomutic's operations are contained within Paraguay's national boundaries, consistent with Moon Banking's country-specific classification system.

Question 5

What services does Coomutic offer?

Accepted Answer

Coomutic offers a range of services characteristic of multiactivity cooperatives in Paraguay:

Financial Services: Savings accounts and credit facilities for members, operating under INCOOP's regulatory framework for savings and credit cooperatives. These services enable members to save money, access loans, and build financial resilience.

Training and Capacity Building (Capacitación): Educational programs and professional development opportunities for cooperative members. This is a distinctive feature reflected in the cooperative's name, emphasizing member education as a core service.

Production Support: Services related to production activities, which may include agricultural support, business development, or other productive activities depending on member needs.

Consumer Services: Various member services typical of multiactivity cooperatives, which may include purchasing support, supply coordination, or other consumer-related benefits.

As a Type C cooperative, Coomutic's operations are subject to INCOOP regulations, including requirements for minimum liquidity ratios, credit policies, and member protection measures. The cooperative must maintain deposits in authorized financial institutions and follow established guidelines for savings and credit operations.

Question 6

What makes Coomutic unique?

Accepted Answer

Coomutic's distinguishing feature is its explicit focus on capacitación (training and capacity building), which is embedded in its formal name. While many Paraguayan cooperatives provide education to members as required by cooperative principles, Coomutic has made training a central pillar of its identity and service offering.

This emphasis aligns with Paraguay's National System of Cooperative Education (Sistema Nacional de Educación Cooperativa), which requires cooperative leaders to complete 20 hours of training annually. By integrating training directly into its service model, Coomutic supports both the financial and human capital development of its members.

The cooperative also represents the grassroots nature of Paraguay's cooperative movement, operating as a locally-focused Type C institution that serves specific community needs rather than pursuing large-scale operations.

Question 7

What type of financial institution is Coomutic?

Accepted Answer

Coomutic is classified as a Cooperativa Multiactiva de Ahorro y Crédito (Multiactivity Savings and Credit Cooperative) in Paraguay's cooperative system. This institution type, specific to Paraguay and other Latin American countries, combines financial services with other cooperative activities.

Regulatory Classification: Type C cooperative under INCOOP supervision, indicating assets below 5,000,000,000 Guaraníes. Type C cooperatives have more limited operational permissions compared to larger Type A and B cooperatives, requiring authorization from INCOOP for certain operations like electronic payment systems or expanded investment activities.

Legal Structure: Registered as a limited liability cooperative (Ltda.) under Paraguay's Law 438/94, which governs cooperative organization, operation, and supervision. Unlike commercial banks regulated by the Central Bank of Paraguay, cooperatives like Coomutic operate under INCOOP's specialized cooperative regulatory framework.

Operational Scope: As a savings and credit cooperative, Coomutic can capture member savings, provide credit to members, make authorized investments, and offer payment services within regulatory limits. The multiactivity designation allows it to extend beyond pure financial services to include training, production support, and consumer services.

This institutional type reflects Paraguay's unique approach to financial inclusion, where cooperatives serve as community-based alternatives to traditional banking, particularly for underserved populations.

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