Question 1

What is Cooperativa Mixta Cooafiansa, Limitada?

Accepted Answer

Cooperativa Mixta Cooafiansa, Limitada is a mixed cooperative financial institution operating in Honduras. As a registered entity under the supervision of CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), Cooafiansa serves as a community-based financial organization designed to meet the economic and social needs of its members.

Mixed cooperatives in Honduras combine multiple functions, often providing both savings and credit services alongside other cooperative activities such as production or service provision. This structure allows the institution to serve a broader range of member needs within their community.

Question 2

When was Cooperativa Mixta Cooafiansa, Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa Mixta Cooafiansa, Limitada headquartered?

Accepted Answer

[Information not publicly available]

The institution operates within Honduras under the regulatory framework established by CONSUCOOP, the autonomous decentralized state institution responsible for cooperative supervision and enforcement of cooperative legislation in the country.

Question 4

Where does Cooperativa Mixta Cooafiansa, Limitada operate?

Accepted Answer

The cooperative operates within Honduras, serving local communities within the country. The specific geographic coverage area and branch locations are not publicly disclosed.

As a first-grade cooperative (cooperatives composed of natural or legal persons), Cooafiansa operates at the primary level, directly serving individual members rather than functioning as a federation or secondary cooperative organization.

Question 5

What services does Cooperativa Mixta Cooafiansa, Limitada offer?

Accepted Answer

As a mixed cooperative, Cooafiansa likely provides a combination of financial and cooperative services to its members, which may include:

Financial Services: Savings accounts, credit facilities, and loan products designed to meet the needs of cooperative members for personal, agricultural, or small business purposes.

Member Services: Services based on the mutual benefit principle, where members pool resources to access financial products that might otherwise be unavailable or unaffordable through traditional banking channels.

Community Development: Support for local economic development initiatives and community welfare programs, consistent with cooperative values of mutual aid and social responsibility.

The institution does not maintain a public website, so member services are delivered through direct, in-person interactions at physical locations.

Question 6

What makes Cooperativa Mixta Cooafiansa, Limitada unique?

Accepted Answer

Cooafiansa operates according to the distinctive cooperative principles established under Honduran law, including:

Democratic Governance: Members participate in decision-making through democratic processes, with each member having equal rights regardless of their level of financial contribution.

Member Ownership: The cooperative is owned and controlled by its members, who share in any surpluses generated according to their patronage rather than capital investment.

Community Focus: As a mixed cooperative, the institution serves multiple needs of its members beyond basic financial services, embodying the cooperative values of mutual help, responsibility, solidarity, and social concern.

Regulatory Framework: Operating under CONSUCOOP supervision ensures adherence to cooperative principles and prudential standards designed to protect member interests.

Question 7

What type of financial institution is Cooperativa Mixta Cooafiansa, Limitada?

Accepted Answer

Cooperativa Mixta Cooafiansa, Limitada is classified as a Mixed Cooperative (Cooperativa Mixta) under Honduran law.

This designation indicates that the institution combines multiple cooperative functions, distinguishing it from specialized cooperatives that focus solely on savings and credit (cooperativas de ahorro y crédito), production cooperatives (cooperativas de producción), or service cooperatives (cooperativas de servicios). Mixed cooperatives in Honduras are first-grade cooperatives, meaning they are composed of individual members rather than being federations of other cooperatives.

The institution operates within Honduras's cooperative sector, which contributes approximately 5% to the country's GDP and includes over 2,500 cooperatives serving communities throughout the nation. As a regulated entity, Cooafiansa must comply with the Ley de Cooperativas de Honduras (Cooperative Law of Honduras) and maintain registration with CONSUCOOP, the national supervisory authority.

Question 8

How are cooperatives regulated in Honduras?

Accepted Answer

Cooperatives in Honduras are regulated by CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), an autonomous decentralized state institution with its own assets and authority.

CONSUCOOP is responsible for applying cooperative legislation and exercising supervisory control over cooperative entities throughout Honduras. The organization operates two specialized superintendencies: one for savings and credit cooperatives with assets exceeding $1 million USD, and another for other cooperative types and smaller financial cooperatives.

All cooperatives must register with CONSUCOOP and comply with reporting requirements, governance standards, and financial regulations. The cooperative sector benefits from certain tax exemptions in exchange for compliance with specific requirements, including payment of a Social Contribution of the Cooperative Sector equivalent to 15% of gross surplus.

Question 9

What is the cooperative movement in Honduras?

Accepted Answer

Honduras has a robust cooperative movement with more than 2,500 savings and credit cooperatives, production cooperatives, and service cooperatives operating throughout the country.

The sector serves approximately 850,000 members, with women representing more than 50% of membership, particularly from rural areas. The movement also includes significant participation from micro, small, and medium enterprises (MSMEs) and young members organized in youth committees.

FACACH (Federación de Asociaciones Cooperativas de Ahorro y Crédito de Honduras) serves as the national federation for savings and credit cooperatives, providing technical assistance, training, and representation for its 88 affiliated cooperatives. The cooperative movement emphasizes values of mutual help, responsibility, democracy, equity, equality of rights, solidarity, honesty, transparency, social responsibility, and concern for others.

Cooperativa Mixta Cooafiansa, Limitada

in Honduras 🇭🇳

Crypto-Friendliness

All done!

About Cooperativa Mixta Cooafiansa, Limitada in Honduras