Question 1

What is Cooperativa de Ahorro y Crédito Sayari?

Accepted Answer

Cooperativa de Ahorro y Crédito Sayari (COOPAC Sayari) is a savings and credit cooperative based in Juliaca, Peru. It is a Level 2 COOPAC supervised by the Superintendencia de Banca, Seguros y AFP (SBS), operating in the Puno region of Peru's southern highlands.

The cooperative focuses on providing financial services to members in the altiplano (high plateau) region, with particular emphasis on serving rural populations. As a member-owned financial institution, it operates under cooperative principles of mutual assistance and democratic governance.

Question 2

When was Cooperativa de Ahorro y Crédito Sayari founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Sayari was founded on September 1, 2010. The cooperative represents a relatively newer entrant in Peru's cooperative financial sector compared to other established institutions.

Despite its more recent establishment, the cooperative has grown to become one of the notable financial cooperatives serving the Puno region's altiplano communities.

Question 3

Where is Cooperativa de Ahorro y Crédito Sayari headquartered?

Accepted Answer

The cooperative is headquartered in Juliaca, Puno region, Peru. The main office is located at Jr. Sandia Nro. 879, Urbanización Santa Bárbara, approximately one block from Colegio las Mercedes in the Juliaca district of San Román province.

Juliaca is the largest city in the Puno region and an important commercial center in Peru's southern highlands, making it a strategic location for serving the altiplano population.

Question 4

Where does Cooperativa de Ahorro y Crédito Sayari operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Sayari operates primarily in the Puno region, with its main operations based in Juliaca, San Román province. The cooperative serves members throughout the altiplano region of southern Peru.

As a Level 2 COOPAC, the institution's operational scope allows it to provide essential financial services to communities in the high plateau areas of Puno, focusing on populations in both urban Juliaca and surrounding rural areas.

Question 5

What services does Cooperativa de Ahorro y Crédito Sayari offer?

Accepted Answer

The cooperative offers financial services tailored to the needs of its members in the altiplano region:

Savings Products: Savings accounts and deposit products designed to encourage financial savings habits among members in rural and semi-urban communities.

Credit Products: Loans to members for personal consumption, small business development, and agricultural activities common in the altiplano region.

Member Services: As a cooperative, COOPAC Sayari provides financial education and member support services aligned with cooperative principles of mutual assistance and community development.

The cooperative operates with approximately 19 employees who serve the member base across its operational area.

Question 6

What makes Cooperativa de Ahorro y Crédito Sayari unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Sayari has established itself as a significant financial institution in Peru's altiplano region. According to member evaluations, the cooperative has achieved recognition within the top 17 cooperative financial institutions in Peru, which is a notable accomplishment for its directors and members.

The cooperative's focus on serving rural populations in the Puno region distinguishes it from larger urban-focused financial institutions. By specializing in the altiplano's unique economic and social context, the cooperative addresses the specific financial needs of highland communities.

As a member of FENACREP and registered with the SBS, the cooperative maintains formal regulatory compliance and participates in Peru's structured cooperative financial system.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Sayari?

Accepted Answer

Cooperativa de Ahorro y Crédito Sayari is a savings and credit cooperative (COOPAC) registered as a Level 2 institution in Peru's cooperative financial system. It is registered in the National COOPAC Registry under number 000077-2019-REG.COOPAC-SBS since February 7, 2019.

As a cooperative, the institution is owned and democratically controlled by its members through assemblies and elected governing bodies. The cooperative operates under the General Cooperatives Law and Law No. 30822, which regulates the COOPAC system in Peru.

The cooperative is supervised by the SBS and is a member of the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides deposit insurance coverage to cooperative members. The institution operates exclusively with member resources and does not accept deposits from the general public.

Question 8

How does Cooperativa de Ahorro y Crédito Sayari serve the altiplano region?

Accepted Answer

The cooperative plays an important role in financial inclusion for Peru's altiplano region. By operating in Juliaca and surrounding rural areas of Puno, COOPAC Sayari extends financial services to populations that may have limited access to traditional banking institutions.

The altiplano's unique geographic and economic characteristics—including high altitude, rural dispersion, and agricultural focus—require specialized financial services. The cooperative's understanding of local conditions and member-focused approach allows it to effectively serve this community.

Cooperativa de Ahorro y Crédito Sayari

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About Cooperativa de Ahorro y Crédito Sayari in Peru