Question 1

What is Cooperativa Mixta Mujeres en Acción Limitada?

Accepted Answer

Cooperativa Mixta Mujeres en Acción Limitada, commonly known as COMIXMAL, is a savings and credit cooperative based in El Progreso, Yoro, Honduras. Founded by women micro-entrepreneurs from local markets, the cooperative provides financial services primarily to underserved communities in the El Progreso area.

The cooperative specializes in savings and credit products designed for small-scale merchants, entrepreneurs, and families who traditionally lack access to conventional banking services. As of 2004, the cooperative served approximately 540 members and has established itself as a stable financial institution in the region.

Question 2

When was Cooperativa Mixta Mujeres en Acción Limitada founded?

Accepted Answer

The cooperative was initially constituted on June 11, 1985 as a pre-cooperative, bringing together 20 women micro-entrepreneurs from the two main markets in El Progreso, Yoro. The initiative emerged from the economic needs of these women, who faced significant barriers in accessing traditional bank credit due to lack of solid collateral.

The founding group received initial support from ASEPADE (Asesores para el Desarrollo) through the CREVEM program (Créditos para Vendedoras del Mercado), which provided seed capital of L.1,000.00, distributing L.50.00 to each founding member to purchase merchandise. In 1990, the group gained support from ICADE (Institución para la Cooperación y el Auto Desarrollo) for organizational and administrative development.

On August 9, 1991, the cooperative obtained its legal personality (Personería Jurídica) and approval of its statutes from IHDECOOP (Instituto Hondureño de Cooperativas), officially becoming Cooperativa Mixta Mujeres en Acción Limitada.

A remarkable story from the cooperative's early years involves founding member Sra. Lidia Isabel Pineda, who mortgaged her own home to ensure the cooperative could continue meeting the growing demand for loans from members.

Question 3

Where is Cooperativa Mixta Mujeres en Acción Limitada headquartered?

Accepted Answer

The cooperative is headquartered in El Progreso, Yoro, Honduras. The main office is located in Barrio San José, between 4th Street and 5th Avenue, behind the new municipal market, adjacent to the vegetable ramp area.

According to FACACH (Federación de Cooperativas de Ahorro y Crédito de Honduras) records, the cooperative maintains its operations at Calle Principal, Salida a la Ceiba, next to Banco de los Trabajadores in El Progreso.

Question 4

Where does Cooperativa Mixta Mujeres en Acción Limitada operate?

Accepted Answer

The cooperative operates primarily in El Progreso, Yoro, serving the city and its surrounding communities. According to the cooperative's own documentation, it provides savings and credit services "en el Progreso Yoro sus alrededores" (in El Progreso, Yoro and its surroundings).

The cooperative focuses its services on market vendors, small merchants, and entrepreneurs in the El Progreso municipality, maintaining a strong presence in the commercial zones and local markets where many of its members operate their businesses.

Question 5

What services does Cooperativa Mixta Mujeres en Acción Limitada offer?

Accepted Answer

The cooperative offers a comprehensive range of savings and credit products:

Savings Products:
• Savings accounts (Cuentas de Ahorro)
• Member contributions (Aportaciones)
• Withdrawable savings accounts (Ahorros retirables)
• Christmas savings accounts (Ahorros Navideños)
• Minor savings accounts (Ahorro de Menores)
• Fixed-term deposits (Depósito a Plazo Fijo)

Credit Products:
• Automatic loans (Créditos Automáticos)
• Fiduciary loans (Créditos Fiduciarios)
• Mortgage loans (Créditos Hipotecarios)
• CREDIN credit line for investment (Línea de Crédito Credin)
• Special credit for merchants (Crédito especial para comerciantes)

The cooperative specializes in providing accessible financing to micro-entrepreneurs and small business owners who may not qualify for traditional bank loans.

Question 6

What makes Cooperativa Mixta Mujeres en Acción Limitada unique?

Accepted Answer

The cooperative's origin story distinguishes it as a grassroots financial institution born from the solidarity and determination of women market vendors. Founded by 20 women who pooled resources starting with just L.50.00 each, the cooperative demonstrates the power of collective action and mutual support.

The cooperative is particularly notable for its focus on serving market vendors and small-scale merchants, populations often excluded from formal financial systems. Its affiliation with FACACH connects it to the broader Honduran cooperative movement, providing access to training, technical assistance, and representation at the national level.

The cooperative's commitment to its founding mission is evident in its specialized credit products designed specifically for merchants and micro-entrepreneurs in the informal economy.

Question 7

What type of financial institution is Cooperativa Mixta Mujeres en Acción Limitada?

Accepted Answer

Cooperativa Mixta Mujeres en Acción Limitada is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), regulated under Honduran cooperative law. It operates as a mixed cooperative (cooperativa mixta), meaning it can serve both savings and credit functions.

The cooperative is supervised by CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), the National Supervisory Council of Cooperatives in Honduras, which has been the regulatory authority for the cooperative sector since the 2016 reform of cooperative regulations. As an affiliated member of FACACH, it is part of the formal cooperative financial system in Honduras, which mobilizes over L.33 billion in loan portfolios nationwide and serves communities where traditional banks have limited reach.

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