Question 1

What is Cooperativa Gildan San Antonio?

Accepted Answer

Cooperativa Gildan San Antonio is a mixed financial cooperative serving employees of Gildan Activewear's San Antonio textile manufacturing facility in Honduras. Officially registered as Cooperativa Mixta de Empleados Gildan San Antonio, Limitada, it provides savings and credit services to workers at one of Honduras's major garment production plants.

The cooperative operates under the supervision of the Consejo Nacional Supervisor de Cooperativas (CONSUCOOP), adhering to the Ley de Cooperativas de Honduras and related regulatory requirements. It maintains an active website at cooperativagsa.com.

Question 2

When was Cooperativa Gildan San Antonio founded?

Accepted Answer

[Information not publicly available]

The cooperative was established to serve employees of Gildan Activewear's San Antonio facility, which is part of Honduras's substantial textile and apparel manufacturing sector.

Question 3

Where is Cooperativa Gildan San Antonio headquartered?

Accepted Answer

Cooperativa Gildan San Antonio is headquartered at or near the Gildan Activewear San Antonio manufacturing facility in Honduras. The cooperative operates in close proximity to the textile plant it serves.

The institution's geographic focus is concentrated in the area where Gildan's San Antonio operations are located, providing convenient access to its member base.

Question 4

Where does Cooperativa Gildan San Antonio operate?

Accepted Answer

The cooperative operates primarily in the region surrounding Gildan Activewear's San Antonio facility in Honduras. As a closed-affiliation cooperative (cooperativa de afiliación cerrada), its services are restricted to employees of Gildan San Antonio.

The institution serves several thousand workers employed at the textile manufacturing plant, providing localized financial services to this specific employee community.

Question 5

What services does Cooperativa Gildan San Antonio offer?

Accepted Answer

As a mixed cooperative focused on financial services, Cooperativa Gildan San Antonio provides:

Savings Accounts: Various savings products allowing members to accumulate capital and participate in cooperative surplus distributions.

Credit Facilities: Loans and credit services designed for textile workers, including personal loans, emergency financing, and consumer credit with payroll deduction options.

Member Benefits: Distribution of cooperative surpluses based on member participation, following cooperative principles of equitable benefit sharing.

Financial Education: Training programs on financial literacy, cooperative values, and responsible money management tailored to garment industry workers.

Cooperative Governance: Democratic participation opportunities where each member has equal voting rights in cooperative decisions.

Question 6

What makes Cooperativa Gildan San Antonio unique?

Accepted Answer

The cooperative's uniqueness stems from its focus on serving Honduras's textile manufacturing workforce:

Industry-Specific Expertise: Deep understanding of the financial needs and circumstances of garment industry workers, including income patterns and employment conditions.

Workplace Integration: Convenient access to services through workplace-based operations and payroll deduction mechanisms for loan repayments and savings contributions.

Employee Ownership: A financial institution owned and controlled by Gildan workers themselves, ensuring services align with member needs rather than external profit motives.

Social Responsibility: Commitment to cooperative values including mutual help, democracy, equality, equity, and solidarity among its member base.

The cooperative contributes to improving the economic well-being of textile workers, a significant sector of Honduras's economy and export industry.

Question 7

What type of financial institution is Cooperativa Gildan San Antonio?

Accepted Answer

Cooperativa Gildan San Antonio is classified as a Cooperativa Mixta (Mixed Cooperative) under Honduran law. This institutional type is specifically recognized in Honduras's cooperative legislation and regulatory framework.

Mixed cooperatives can provide savings and credit services as their primary function while offering additional cooperative benefits to members. The institution operates as a not-for-profit, member-owned organization governed by democratic principles where each member has one vote regardless of capital contribution.

The cooperative is regulated by CONSUCOOP and must comply with prudential standards including capital adequacy requirements, financial reporting obligations, and risk management protocols applicable to Honduran financial cooperatives.

Cooperativa Gildan San Antonio

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About Cooperativa Gildan San Antonio in Honduras