Question 1

What is Ycua Bolaños Ltda.?

Accepted Answer

Ycua Bolaños Ltda. (full name: Cooperativa de Ahorro y Crédito, Producción, Consumo y Servicios Ycua Bolaños Limitada) is a multi-purpose cooperative based in Caazapá, Paraguay. The cooperative serves its members and the local community through comprehensive financial services and social programs. The name "Ycua Bolaños" was chosen for its symbolism, representing an inexhaustible source of social and economic services, with the clarity and purity of a natural spring. The institution operates under the supervision of the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative regulatory authority.

Question 2

When was Ycua Bolaños Ltda. founded?

Accepted Answer

Ycua Bolaños Ltda. was founded in 1989. The cooperative originated from a small savings and credit association established in 1985 by a group of visionary educators from Caazapá. This initial association quickly gained popularity in the community. With support from the Cooperativa de Educadores del Guairá (COOPEDUC), the association grew and evolved, leading to the formal establishment of Cooperativa Ycua Bolaños Ltda. in 1989. The founding educators aspired to maintain the qualities of an inexhaustible spring—clarity and purity—in the cooperative's service to the community.

Question 3

Where is Ycua Bolaños Ltda. headquartered?

Accepted Answer

Ycua Bolaños Ltda. is headquartered in Caazapá, Paraguay. The main office is located at José María Sarubbi Lepretti 850, Caazapá 5600, Caazapá Department, Paraguay. Contact information includes phone number +595 542 232396 and support email ybmovil@yb.coop.py.

Question 4

Where does Ycua Bolaños Ltda. operate?

Accepted Answer

Ycua Bolaños Ltda. operates primarily in the Caazapá Department of Paraguay, serving the city of Caazapá and surrounding communities in the region. The cooperative maintains a strong local presence and has become a pillar of support for the community, focusing on the development and economic well-being of the Caazapá region. The institution has established itself as a solid and reliable financial partner for local residents and businesses.

Question 5

What services does Ycua Bolaños Ltda. offer?

Accepted Answer

Ycua Bolaños Ltda. offers comprehensive financial and social services to its members. Financial services include savings accounts (including checking accounts and various savings products), fixed-term deposits (plazo fijo), credit and loan products for personal, commercial, and agricultural needs, credit cards, and payment and transfer services.

The cooperative provides digital banking through its mobile application "YB movil," available on both Android (Google Play Store) and iOS (App Store). The app features biometric authentication, account balance inquiries, payment processing, money transfers, fixed-term deposit management, access to exclusive promotions, and notifications for important account movements. The platform offers an intuitive user experience with secure access to all essential cooperative functions.

Social services include educational support with scholarships and study completion awards (413 members received awards for university completion), family milestone subsidies including marriage, birth, and full adoption benefits (1,469 awards distributed), and various member benefit programs. The cooperative emphasizes transparency, integrity, and commitment to improving members' quality of life through both financial products and social programs.

Question 6

What makes Ycua Bolaños Ltda. unique?

Accepted Answer

Ycua Bolaños Ltda.'s origins as an educator-led initiative reflect its deep commitment to community development and financial education. The cooperative generates significant local economic impact, creating 513 direct jobs and approximately 2,411 indirect employment opportunities in the Caazapá region. This makes it a major employer and economic driver in the area.

The institution's name symbolizes its mission—to be an inexhaustible source of services with the clarity and purity of a natural spring. This philosophy permeates the cooperative's operations, emphasizing transparency, accessibility, and continuous support to members. The cooperative's dual focus on financial services and social programs (education awards, family milestone support) demonstrates a holistic approach to member welfare beyond traditional banking.

Strong governance through dedicated leadership (Board of Directors and Audit Committee) combined with a highly trained professional staff ensures quality service delivery. The cooperative's values emphasize commitment, integration, transparency, and efficiency, reflecting its dedication to cooperative principles and community development.

Question 7

What type of financial institution is Ycua Bolaños Ltda.?

Accepted Answer

Ycua Bolaños Ltda. is a Multi-Purpose Savings and Credit Cooperative (Cooperativa de Ahorro y Crédito, Producción, Consumo y Servicios) regulated by the Instituto Nacional de Cooperativismo (INCOOP) under Paraguay's Law 438/94 (Ley de Cooperativas). In the Paraguayan financial system, savings and credit cooperatives are member-owned financial institutions that operate democratically, with each member having one vote regardless of their capital contribution. This classification allows the cooperative to offer comprehensive financial services while maintaining its social mission and commitment to cooperative principles including self-help, democracy, equality, equity, and solidarity. Cooperatives like Ycua Bolaños play a vital role in Paraguay's economy, where over 800 cooperatives serve approximately 1.8 million members, representing 51% of the economically active population.

Ycua Bolaños Ltda.

in Paraguay 🇵🇾

Crypto-Friendliness

All done!

About Ycua Bolaños Ltda. in Paraguay