Question 1

What is Cooperativa Cristo Rey Cochabamba?

Accepted Answer

Cooperativa Cristo Rey Cochabamba is an open credit union (Cooperativa de Ahorro y Crédito Abierta) based in Cochabamba, Bolivia. As a licensed financial intermediation institution supervised by Bolivia's Autoridad de Supervisión del Sistema Financiero (ASFI), the cooperative provides savings and credit services to its members, clients, and the general public throughout the Cochabamba region. The institution operates as a non-profit organization owned by its members, following cooperative principles of democratic governance where each member has one vote regardless of their capital contribution.

Question 2

When was Cooperativa Cristo Rey Cochabamba founded?

Accepted Answer

The cooperative was founded on October 13, 1963, as part of the broader cooperative movement that emerged in Bolivia during the early 1960s. The institution was established based on the principles, values, and philosophy of the cooperative system, with a focus on serving the financial needs of the local community in Cochabamba. In 2024, the cooperative celebrated its 61st anniversary of continuous service to the region.

The founding of Cristo Rey Cochabamba coincided with a pivotal period in Bolivian financial history, when Catholic and Evangelical churches played a crucial role in establishing credit unions as alternatives to predatory lending practices that affected teachers, workers, and marginalized communities.

Question 3

Where is Cooperativa Cristo Rey Cochabamba headquartered?

Accepted Answer

The cooperative's central office is located at Avenida Perú No. 593, Zona Villa Galindo, Cochabamba, Bolivia. This headquarters serves as the main administrative and operational center for the institution.

Question 4

Where does Cooperativa Cristo Rey Cochabamba operate?

Accepted Answer

Cooperativa Cristo Rey Cochabamba operates exclusively within the Department of Cochabamba, Bolivia, maintaining a network of four locations:
• Agencia Central (Central Office) - Avenida Perú #593, Zona Villa Galindo, Cochabamba
• Agencia El Paso - Plaza 27 de Mayo, Cantón El Paso, Cochabamba
• Agencia Siglo XX - Avenida Siglo XX y calle Juan de Mendoza, Zona Sud, Cochabamba
• Agencia Totora - Plaza Ladislao Cabrera, Municipio de Totora, Cochabamba

The cooperative strategically positions its branches in both urban and rural areas to serve diverse communities throughout the region.

Question 5

What services does Cooperativa Cristo Rey Cochabamba offer?

Accepted Answer

The cooperative provides a comprehensive range of financial services including:

Savings Products:
• Savings accounts (Caja de Ahorros) with competitive interest rates
• Fixed-term deposits (Depósitos a Plazo Fijo) for secure savings

Credit Services:
• Various loan products designed to help members achieve their financial objectives
• Personal credit facilities
• Productive loans for business development

Digital Services:
• Online banking platform accessible through cristorey.com.bo
• Digital account management and transaction services

The cooperative emphasizes providing financial services with efficiency, responsibility, warmth, and commitment to improve the quality of life of its members and clients.

Question 6

What makes Cooperativa Cristo Rey Cochabamba unique?

Accepted Answer

Several distinctive features set Cristo Rey Cochabamba apart:

Cooperative Philosophy: The institution operates under cooperative values including human dignity, sociability, and solidarity, rather than profit maximization. Surplus earnings are reinvested in service improvements, financial education, and social development programs rather than distributed to external shareholders.

Democratic Structure: Every member has equal voting rights regardless of their capital contribution, ensuring truly democratic governance and decision-making.

Community Focus: With over 61 years of uninterrupted service, the cooperative has demonstrated sustained commitment to the economic and social development of the Cochabamba region.

Regional Leadership Aspiration: The cooperative's vision is to become a leading regional cooperative with sustainable growth, strong management indicators, and a commitment to society through quality financial services supported by qualified human resources and appropriate technology.

Question 7

What type of financial institution is Cooperativa Cristo Rey Cochabamba?

Accepted Answer

Cooperativa Cristo Rey Cochabamba is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Credit Union) in the Bolivian financial system. This designation means it is a non-bank financial intermediation institution authorized to conduct savings and credit operations with its members, the general public, and other financial entities.

As an open credit union, Cristo Rey Cochabamba holds a license of operation from ASFI and is subject to regulatory supervision under Bolivia's Law of Banks and Financial Entities. This distinguishes it from closed or "societaria" credit unions that can only operate with their members. The open structure allows the cooperative to serve a broader population while maintaining its cooperative identity and member-owned governance model.

Cooperativa Cristo Rey Cochabamba

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About Cooperativa Cristo Rey Cochabamba in Bolivia