Question 1

What is Cooperativa Abierta San Pedro de Aiquile R.L.?

Accepted Answer

Cooperativa Abierta San Pedro de Aiquile R.L. is an open savings and credit cooperative operating in Bolivia. The institution specializes in financial intermediation services, providing savings and credit operations to its members and clients. As an "abierta" (open) cooperative, it is authorized to provide financial services to the general public, not just its members.

The cooperative serves rural and semi-urban communities in the Cochabamba Department, particularly in Narciso Campero Province. It operates as a regulated financial entity under the supervision of the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia's financial system supervisory authority.

Question 2

When was Cooperativa Abierta San Pedro de Aiquile R.L. founded?

Accepted Answer

The cooperative was officially constituted on January 31, 1964. It received its legal personality (Personería Jurídica No. 331) from the Instituto Nacional de Cooperativas (INALCO) on September 16, 1964.

The founding process began earlier, with meetings held in 1963 to establish the institution in the jurisdictional parish of Aiquile. The cooperative has a history spanning over 60 years, marking its 60th anniversary in 2024.

Question 3

Where is Cooperativa Abierta San Pedro de Aiquile R.L. headquartered?

Accepted Answer

The cooperative is headquartered in Aiquile, a town located in Narciso Campero Province in the Cochabamba Department of Bolivia. Aiquile is situated approximately 217-220 kilometers from the city of Cochabamba, at an elevation of 2,225 meters above sea level.

The town of Aiquile serves as the capital of both the municipality and Narciso Campero Province. It is known as "La Capital del Charango" (The Charango Capital) due to its tradition of crafting this iconic Bolivian musical instrument.

Question 4

Where does Cooperativa Abierta San Pedro de Aiquile R.L. operate?

Accepted Answer

The cooperative primarily operates in the Cochabamba Department of Bolivia, with a focus on Narciso Campero Province. According to official ASFI documentation, the institution also serves communities in Chuquisaca Department.

Its main market encompasses the provinces of Campero and Mizque, as well as the municipality of Totora. The cooperative serves both urban populations in Aiquile and surrounding rural agricultural communities throughout its service area.

Question 5

What services does Cooperativa Abierta San Pedro de Aiquile R.L. offer?

Accepted Answer

The cooperative offers a comprehensive range of savings and credit products to its members and clients. These services include:

Savings Products: The cooperative provides various savings account options, including promotional savings accounts with incentive programs. It has offered programs such as "Ahorrar es Ganar" (Saving is Winning) to encourage member savings.

Credit Products: The institution specializes in microfinance and lending services tailored to the needs of rural and semi-urban communities. Credit products support agricultural activities, small businesses, and personal financial needs.

Financial Education: The cooperative maintains an active financial education program covering topics such as credit responsibility, electronic transaction security, anti-money laundering awareness, consumer rights and obligations, and ASFI's role as regulatory authority.

Digital Services: The institution has embraced digital technology and provides electronic transaction capabilities to its members and clients, aligning with its vision of technological advancement.

Question 6

What makes Cooperativa Abierta San Pedro de Aiquile R.L. unique?

Accepted Answer

Several distinctive characteristics set this cooperative apart within Bolivia's financial system:

Longevity and Local Roots: With over 60 years of continuous operation since 1964, the cooperative has deep roots in the Aiquile community. It has survived significant challenges, including the devastating 1998 earthquake that destroyed 75% of buildings in Aiquile.

Social Commitment: The cooperative has a strong history of social responsibility, having provided housing construction assistance to members in the 1960s, established a consumer goods section in the 1970s to combat speculation, and continues active community engagement through its corporate social responsibility programs.

Regulated Status: As an "abierta" (open) cooperative with full ASFI licensing, it operates under the same regulatory framework as banks. It maintains mandatory legal reserves (encaje legal) of 24.9% with the Banco Central de Bolivia, providing security for depositors.

Agricultural Focus: The cooperative specializes in serving agricultural communities in rural Cochabamba, providing financial inclusion to populations traditionally underserved by conventional banking institutions.

Question 7

What type of financial institution is Cooperativa Abierta San Pedro de Aiquile R.L.?

Accepted Answer

Cooperativa Abierta San Pedro de Aiquile R.L. is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Savings and Credit Cooperative) under Bolivian financial regulations.

This institutional type is specifically defined under Bolivia's Law of Banks and Financial Entities (Ley de Bancos y Entidades Financieras). As an "abierta" cooperative, it is authorized to conduct financial intermediation operations and provide financial services to the general public, whether or not they are members of the cooperative.

The institution received its ASFI operating license (Licencia de Funcionamiento ASFI/005/2021) in 2021, confirming its status as a fully regulated financial intermediary. This places it under the supervision and regulation of ASFI, Bolivia's financial system supervisory authority, and subjects it to prudential requirements similar to those applied to banks, including capital adequacy standards, reserve requirements, and consumer protection regulations.

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