Question 1

What is Cooperativa Livitaca?

Accepted Answer

Cooperativa Livitaca (officially Cooperativa de Ahorro y Crédito Livitaca) is a savings and credit cooperative operating in Peru's Cusco region. The institution serves as a community-based financial cooperative providing savings and credit services to its members in the rural district of Livitaca, located in the province of Chumbivilcas. As a COOPAC (Cooperativa de Ahorro y Crédito), it operates under Peru's cooperative financial sector framework.

The cooperative is registered with the Superintendencia de Banca, Seguros y AFP (SBS), Peru's banking and insurance regulator, and holds RUC number 20602832032.

Question 2

When was Cooperativa Livitaca founded?

Accepted Answer

Cooperativa Livitaca officially commenced operations on January 24, 2018. The cooperative was established to provide accessible financial services to residents and entrepreneurs in the Livitaca district and surrounding areas of Chumbivilcas province, where traditional banking services are limited.

The institution was created following Peru's cooperative movement principles, which emphasize mutual support, democratic governance, and financial inclusion for underserved rural communities.

Question 3

Where is Cooperativa Livitaca headquartered?

Accepted Answer

Cooperativa Livitaca is headquartered in the district of Livitaca, province of Chumbivilcas, in the Cusco region of Peru. The legal address is registered at Plaza San Sebastian in Livitaca, though administrative operations are also noted at Avenida Warari in the Chumbivilcas area.

Livitaca is a rural highland district in southern Peru, situated in the Andean region of Cusco, known for its mountainous terrain and agricultural communities.

Question 4

Where does Cooperativa Livitaca operate?

Accepted Answer

Cooperativa Livitaca operates primarily in the Chumbivilcas province within the Cusco region of Peru. The cooperative focuses its operations in the district of Livitaca and surrounding rural communities within Chumbivilcas.

This area is characterized by dispersed rural populations engaged primarily in agriculture and livestock activities, where access to formal financial services is traditionally limited. The cooperative serves local residents, small farmers, and microentrepreneurs in this highland region.

Question 5

What services does Cooperativa Livitaca offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa Livitaca offers basic financial services to its members, including:

Savings Products: Member savings accounts and deposit services that allow cooperative members to securely save funds.

Credit Services: Loans and credit facilities designed for members' personal needs, agricultural activities, and small business development.

The cooperative operates under Peru's COOPAC regulatory framework, which means it can only provide services to its members (socios) rather than the general public. Members must join the cooperative by making capital contributions and adhering to cooperative principles.

Question 6

What makes Cooperativa Livitaca unique?

Accepted Answer

Cooperativa Livitaca serves one of Peru's most remote and underserved rural areas. The cooperative's focus on the Livitaca district in Chumbivilcas represents a commitment to financial inclusion in highland agricultural communities where traditional banks typically do not operate.

The institution operates without a website and maintains a local, community-focused approach to financial services. This grassroots model reflects the cooperative's mission to serve members who might otherwise lack access to formal financial institutions.

In 2024, the cooperative faced regulatory intervention by the SBS due to negative patrimony exceeding S/ 730,000. However, the intervention was concluded in October 2024 after the cooperative successfully addressed the capital deficiency, demonstrating resilience and commitment to regulatory compliance.

Question 7

What type of financial institution is Cooperativa Livitaca?

Accepted Answer

Cooperativa Livitaca is classified as a Cooperativa de Ahorro y Crédito (COOPAC) - a savings and credit cooperative. In Peru's financial system, COOPACs are member-owned financial cooperatives that operate under the supervision of the Superintendencia de Banca, Seguros y AFP (SBS).

The institution is registered in the SBS's National COOPAC Registry and operates as a Level 1 cooperative under Peru's modular supervision scheme established by Law 30822 (Ley COOPAC). Level 1 cooperatives are smaller institutions that serve limited geographic areas and member bases, distinguishing them from larger Level 2 and Level 3 cooperatives that have broader operations and more complex regulatory requirements.

COOPACs differ from commercial banks in that they are mutual organizations owned by their members, operate on cooperative principles, and can only provide financial services to members rather than the general public.

Cooperativa Livitaca

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About Cooperativa Livitaca in Peru