Question 1

What is Cooperativa de Ahorro y Crédito Chorotega Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Chorotega Limitada is a savings and credit cooperative based in Choluteca, Honduras. It is a first-degree service organization operating as a nonprofit institution with limited liability and indefinite duration, serving its member-owners through financial services.

The cooperative is supervised by the Consejo Nacional Superior de Cooperativas (CONSUCOOP) and operates under the regulatory framework established by the Honduran Cooperatives Law and its regulations. It is among the established financial cooperatives in southern Honduras.

Question 2

When was Cooperativa de Ahorro y Crédito Chorotega Limitada founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Chorotega Limitada was founded on June 13, 1965. The cooperative was established through Executive Power Agreement No. 613 issued by the Secretariat of State for Economy and Commerce.

The cooperative was ratified under Agreement No. 88 dated March 7, 1990, and registered as No. 188 in Book II, Volume II of the National Registry of Cooperatives maintained by the former Instituto Hondureño de Cooperativas (IHDECOOP). It was re-ratified on August 5, 2015, under No. 033, Book I, Volume I under CONSUCOOP supervision.

The cooperative celebrated its 60th anniversary in 2025, marking six decades of service to its members and community.

Question 3

Where is Cooperativa de Ahorro y Crédito Chorotega Limitada headquartered?

Accepted Answer

The cooperative's headquarters is located in the city of Choluteca, Department of Choluteca, Honduras, C.A. Choluteca is situated in southern Honduras and serves as both the departmental capital and an important regional commercial center.

Question 4

Where does Cooperativa de Ahorro y Crédito Chorotega Limitada operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Chorotega Limitada operates primarily in the Choluteca Department and surrounding regions of southern Honduras. The cooperative serves its member-base throughout the Choluteca area, providing financial services to the local community.

As a well-established institution with 60 years of operation, it has developed deep roots in the southern Honduras region.

Question 5

What services does Cooperativa de Ahorro y Crédito Chorotega Limitada offer?

Accepted Answer

The cooperative provides comprehensive savings and credit services to its members. Its principal objectives include:

Savings Services - Stimulating savings among members and receiving capital contributions.

Lending Services - Providing loans to members at reasonable interest rates.

Educational Services - Training members economically and socially through appropriate cooperative education.

Cooperative Development - Promoting the expansion and integration of the cooperative movement.

The cooperative offers various savings account types including regular savings, capital contributions (aportaciones), and fixed-term deposits. Interest on savings accounts is capitalized periodically, and members receive distributions of annual surplus earnings based on their patronage.

Credit products are structured to meet member needs with reasonable interest rates and flexible payment terms. The cooperative uses risk-based credit classification systems to manage loan portfolios responsibly.

Question 6

What makes Cooperativa de Ahorro y Crédito Chorotega Limitada unique?

Accepted Answer

With 60 years of continuous operation since 1965, Cooperativa Chorotega is one of the longest-established cooperatives in Honduras. This longevity demonstrates institutional stability and sustained commitment to its members and community.

The cooperative recently celebrated its anniversary with promotional campaigns like "En los 60 tus Ahorros Cuentan" (At 60, Your Savings Count), which included vehicle giveaways to reward member loyalty. This reflects its focus on member engagement and appreciation.

The cooperative actively participates in regional cooperative networks and knowledge-sharing initiatives, including hosting cooperative study visits and participating in climate resilience and sustainable development programs.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Chorotega Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Chorotega Limitada is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), a member-owned financial cooperative recognized under Honduran law. As a first-degree service organization, it directly serves individual members rather than other cooperatives.

In Honduras, savings and credit cooperatives are regulated by CONSUCOOP under the Ley de Cooperativas de Honduras. They operate as nonprofit organizations with the primary purpose of improving the economic, social, and cultural conditions of their members through mutual assistance, democratic governance, and equitable distribution of benefits based on member participation.

Cooperativa de Ahorro y Crédito Chorotega Limitada

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