Question 1

What is Cooperativa Ñemby Ltda.?

Accepted Answer

Cooperativa Ñemby Ltda. is a Type A multiactivity savings and credit cooperative (Cooperativa Multiactiva de Ahorro y Crédito, Consumo, Producción y Servicios) based in Paraguay. As one of the larger cooperatives in the Paraguayan financial system, Cooperativa Ñemby serves approximately 38,952 members and operates as a regulated financial institution under the supervision of the Instituto Nacional de Cooperativismo (INCOOP).

The cooperative provides a comprehensive range of financial services, production support, and consumer services to its members, primarily serving the Ciudad de Ñemby and surrounding areas in the Central Department of Paraguay.

Question 2

When was Cooperativa Ñemby Ltda. founded?

Accepted Answer

While the exact founding date is not publicly available, Cooperativa Ñemby Ltda. is registered with INCOOP under Registration Number 93, making it one of the earlier cooperatives established in Paraguay's modern cooperative movement. The cooperative has been operating for several decades, growing from its roots in the Ciudad de Ñemby to become one of the prominent Type A savings and credit cooperatives in Paraguay.

The cooperative's development aligns with Paraguay's cooperative expansion following the enactment of Law 349/72, which established the modern legal framework for cooperatives in the country and recognized four types of cooperatives: production, consumption, services, and savings and credit.

Question 3

Where is Cooperativa Ñemby Ltda. headquartered?

Accepted Answer

Cooperativa Ñemby Ltda. is headquartered at Independencia Nacional Nº 2.478 c/ Paseo Guillermo Giménez in Ciudad de Ñemby, located in the Central Department of Paraguay. Ciudad de Ñemby is part of the Greater Asunción metropolitan area, situated approximately 10 kilometers east of the capital city.

The cooperative's headquarters operates with standard business hours: Monday through Friday from 7:30 AM to 4:00 PM, and Saturday mornings from 7:30 AM to 11:00 AM. Members can contact the cooperative through their toll-free number 0800-119696 or direct line 021-960-256.

Question 4

Where does Cooperativa Ñemby Ltda. operate?

Accepted Answer

Cooperativa Ñemby Ltda. primarily operates in the Central Department of Paraguay, with its main focus on Ciudad de Ñemby and surrounding municipalities within the Greater Asunción metropolitan area. The cooperative serves communities throughout the Central Department, which is Paraguay's most densely populated region and economic center.

As a Type A cooperative, Ñemby has the regulatory approval and infrastructure to serve a broad membership base across multiple localities within its operational territory, providing both urban and peri-urban communities access to cooperative financial services.

Question 5

What services does Cooperativa Ñemby Ltda. offer?

Accepted Answer

Cooperativa Ñemby Ltda. provides a comprehensive suite of multiactivity services including:

Savings and Credit Services: Savings accounts (cajas de ahorro), various types of deposits, consumer loans, agricultural financing, and credit facilities tailored to member needs.

Credit Card Services: The cooperative issues credit cards and partners with Cabal Paraguay, enabling members to access card payment services throughout Paraguay's Cabal network.

Production and Consumption Services: Support for agricultural and productive activities, access to consumer goods, and provision services for members' business and household needs.

Digital Banking: A mobile application available on Google Play that allows members to check account balances, view transaction history, make transfers to other cooperatives and banks, pay utility bills and private services, download credit card statements, and perform QR-based transactions. The app supports transfers through the Dimo interbank payment system and to electronic wallets.

Member Services: Payment of cooperative obligations, access to cooperative programs, and member education initiatives.

Question 6

What makes Cooperativa Ñemby Ltda. unique?

Accepted Answer

Several characteristics distinguish Cooperativa Ñemby Ltda. within Paraguay's cooperative sector:

Scale and Membership: With nearly 39,000 members, Cooperativa Ñemby ranks among the larger Type A savings and credit cooperatives in Paraguay, demonstrating significant community trust and penetration in its service area.

Type A Classification: As a Type A cooperative regulated by INCOOP, Ñemby meets stringent capital requirements, governance standards, and operational benchmarks that place it in Paraguay's highest cooperative category. This classification enables the cooperative to offer a broader range of financial services and operate with greater autonomy than lower-tier cooperatives.

Local Community Focus: The cooperative maintains deep roots in Ciudad de Ñemby, serving as a financial inclusion vehicle for residents who may have limited access to traditional banking services. This local focus strengthens community economic development and promotes the cooperative model of democratic member ownership.

Digital Innovation: The cooperative has embraced financial technology through its mobile application, QR payment systems, and integration with national payment infrastructure like Dimo, making cooperative services accessible and convenient for members in an increasingly digital economy.

Multiactivity Model: Unlike single-purpose financial institutions, Cooperativa Ñemby's multiactivity structure allows it to support members' economic lives comprehensively—from production financing to consumption needs to savings and credit services—embodying the cooperative principle of meeting members' diverse economic and social needs.

Question 7

What type of financial institution is Cooperativa Ñemby Ltda.?

Accepted Answer

Cooperativa Ñemby Ltda. is classified as a Cooperativa de Ahorro y Crédito Tipo A (Type A Savings and Credit Cooperative) under Paraguay's cooperative regulatory framework administered by INCOOP.

In Paraguay's financial system, Type A cooperatives represent the highest tier of cooperative financial institutions, distinguished by their size, membership base, capital levels, and operational capacity. Type A cooperatives must meet rigorous standards for governance, risk management, capital adequacy, and financial reporting. They are authorized to offer comprehensive savings, credit, and financial services to their members.

Cooperatives in Paraguay function as member-owned financial institutions operating under cooperative principles of democratic control, mutual assistance, and community service. They differ from commercial banks in their ownership structure (member-owned rather than shareholder-owned), their focus on serving member needs rather than maximizing profits, and their commitment to financial inclusion in underserved communities.

INCOOP, the national cooperative regulator, supervises Type A cooperatives to ensure financial stability, consumer protection, and compliance with cooperative laws and regulations. This regulatory oversight places institutions like Cooperativa Ñemby within Paraguay's formal financial sector alongside banks and other regulated financial intermediaries.

Cooperativa Ñemby Ltda.

in Paraguay 🇵🇾

Crypto-Friendliness

All done!

About Cooperativa Ñemby Ltda. in Paraguay