Question 1

What is Cooperativa de Ahorro y Crédito Alto Mayo Ltda.?

Accepted Answer

Cooperativa de Ahorro y Crédito Alto Mayo Ltda. is a credit cooperative operating in Peru. It is a member-owned financial institution that provides savings and credit services exclusively to its members (socios) in the Alto Mayo region of the San Martín Department. The cooperative operates under the supervision of the Superintendencia de Banca, Seguros y AFP (SBS), Peru's banking and insurance regulator, following the implementation of Law 30822 in January 2019.

As a COOPAC (Cooperativa de Ahorro y Crédito no autorizada a captar recursos del público), it is not authorized to capture funds from the general public and can only serve its cooperative members.

Question 2

When was Cooperativa de Ahorro y Crédito Alto Mayo Ltda. founded?

Accepted Answer

The cooperative officially registered its business activities on September 6, 2017, according to records from the Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT). The entity was established to serve the financial needs of residents and workers in the Alto Mayo valley, a region known for its agricultural activity and growing population due to migration from other Peruvian regions, particularly Cajamarca.

Question 3

Where is Cooperativa de Ahorro y Crédito Alto Mayo Ltda. headquartered?

Accepted Answer

The cooperative has its legal headquarters at Avenida Cajamarca Sur Nro. 723 (next to Mi Banco) in Nueva Cajamarca, district of Rioja Province, in the San Martín Department of Peru. An alternate registered address is listed at Jr. Libertad 638 in Rioja city, also within Rioja Province.

Nueva Cajamarca, often called the "First Andean-Amazonian District of Peru," is located in the Alto Mayo valley at approximately 1,500 meters above sea level.

Question 4

Where does Cooperativa de Ahorro y Crédito Alto Mayo Ltda. operate?

Accepted Answer

The cooperative primarily operates in the Alto Mayo region of the San Martín Department in northern Peru. This includes the Rioja Province, particularly in the districts of Nueva Cajamarca and Rioja city.

The Alto Mayo valley is a significant agricultural and commercial zone in the Peruvian Amazon, connected to the rest of the country via the Carretera Marginal de la Selva (Marginal Forest Highway). The region has experienced substantial population growth since the 1960s due to migration from highland areas.

Question 5

What services does Cooperativa de Ahorro y Crédito Alto Mayo Ltda. offer?

Accepted Answer

According to SBS documentation, the cooperative is registered to operate within the regulatory framework established for COOPACs. Based on its asset level classification, it can offer services including:

Savings Products: Accepting deposits from cooperative members, including regular savings accounts and potentially term deposits.

Credit Services: Providing direct loans to members with or without guarantees, following the cooperative's internal credit regulations. This includes consumer loans, agricultural financing, and small business credits.

Payment Services: Facilitating payment transactions, collections, and fund transfers where at least one party (sender or beneficiary) is a cooperative member.

Guarantee Services: Issuing guarantees and bonds for members, subject to determined terms and amounts.

The cooperative does not operate with checking accounts or offer services to the general public, as it is limited to serving registered members only.

Question 6

What makes Cooperativa de Ahorro y Crédito Alto Mayo Ltda. unique?

Accepted Answer

The cooperative serves a specific geographic niche in the Alto Mayo valley, a region characterized by its biodiversity and agricultural economy. The Alto Mayo area is recognized as one of the seven wonders of Peru due to its natural beauty and ecological importance, including the Alto Mayo Protection Forest.

As a small cooperative with approximately 9 employees according to 2022 records, it maintains a community-focused approach to financial services. The entity has earned recognition from SUNAT as a "Good Taxpayer" (Buen Contribuyente) and is registered in Peru's National Registry of Suppliers for conducting business with the state.

Unlike traditional banks, the cooperative operates on democratic principles where members are owners of the institution and participate in governance through assemblies and elected councils.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Alto Mayo Ltda.?

Accepted Answer

Cooperativa de Ahorro y Crédito Alto Mayo Ltda. is classified as a Credit Cooperative (Cooperativa de Ahorro y Crédito or COOPAC) under Peruvian financial regulation. Specifically, it is a COOPAC not authorized to capture resources from the public, meaning it operates exclusively with its members.

Under the SBS's modular supervision scheme implemented through Law 30822, COOPACs are classified into three levels based on total assets. The cooperative's classification determines which operations it can perform and the regulatory requirements it must meet. The entity is supervised by the Superintendencia Adjunta de Cooperativas (SACOOP), a specialized unit within the SBS dedicated to cooperative oversight.

As a cooperative, it operates as a private legal entity without profit-seeking purposes, based on mutual aid and solidarity among its members, adhering to cooperative values and principles.

Cooperativa de Ahorro y Crédito Alto Mayo Ltda.

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About Cooperativa de Ahorro y Crédito Alto Mayo Ltda. in Peru