Question 1

What is Coopavra Cooperativa Multiactiva de Ahorro y Crédito?

Accepted Answer

Coopavra Cooperativa Multiactiva de Ahorro y Crédito is a multiactivity savings and credit cooperative based in Paraguay. The institution specializes in providing financial services to its members, with a focus on automotive vendors and related professionals. As a regulated cooperative, Coopavra operates under the supervision of the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative regulatory authority.

The cooperative serves its members through various financial products and services designed to promote economic development and financial inclusion within its community.

Question 2

When was Coopavra Cooperativa Multiactiva de Ahorro y Crédito founded?

Accepted Answer

[Information not publicly available]. However, the cooperative is registered with INCOOP and appears in the 2024 resolution of active cooperatives in Paraguay, indicating it has been operating for some time under the country's cooperative legal framework.

Question 3

Where is Coopavra Cooperativa Multiactiva de Ahorro y Crédito headquartered?

Accepted Answer

Coopavra is headquartered at Avenida de la Victoria 2894 in Asunción, the capital city of Paraguay. The cooperative maintains a central office location that serves as its primary operational hub for member services.

Question 4

Where does Coopavra Cooperativa Multiactiva de Ahorro y Crédito operate?

Accepted Answer

The cooperative primarily operates in Asunción and the surrounding metropolitan area of Paraguay. As a member-focused institution, Coopavra serves its associate members throughout the capital region, providing accessible financial services to the automotive vendor community and their families.

Question 5

What services does Coopavra Cooperativa Multiactiva de Ahorro y Crédito offer?

Accepted Answer

Coopavra offers a comprehensive range of cooperative financial services, including:

Savings Products: Various savings account options with competitive interest rates, including regular savings and fixed-term deposits to help members achieve their financial goals.

Credit Services: Multiple credit lines including ordinary loans starting from Gs 1,000,000 with 21% interest rates, and first-time borrower credits up to Gs 5,000,000. The cooperative emphasizes accessible financing for members' projects and needs.

Special Benefits: Monte Olivos funeral assistance service providing support to members and their families during difficult times, available 24 hours a day with specific solidarity benefits for members in good standing.

Member Services: The cooperative provides financial education, member integration activities, and operates with a commitment to cooperative principles of mutual aid and solidarity.

Question 6

What makes Coopavra Cooperativa Multiactiva de Ahorro y Crédito unique?

Accepted Answer

Coopavra distinguishes itself through its targeted focus on the automotive vendor community and related professionals. The cooperative's name itself reflects this specialization - COOPAVRA stands for Cooperativa Multiactiva de Ahorro y Crédito de Profesionales de Vendedores Responsables del Automotor y Afines (Multiactivity Savings and Credit Cooperative for Automotive Sales Professionals and Related Fields).

The institution emphasizes competitive interest rates on both savings and loans, making it an attractive alternative to traditional banking. With promotional credit offerings and a strong social support system including funeral assistance, Coopavra demonstrates the cooperative model's commitment to comprehensive member welfare.

Question 7

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

Accepted Answer

Coopavra is classified as a Cooperativa Multiactiva de Ahorro y Crédito (Multiactivity Savings and Credit Cooperative) under Paraguayan law. In Paraguay's cooperative system, multiactivity cooperatives can provide multiple types of services to their members, including savings, credit, and other social services.

The cooperative is regulated by INCOOP and falls within the category of savings and credit cooperatives that must comply with Paraguay's cooperative regulatory framework. These institutions are member-owned financial cooperatives that operate on democratic principles, where each member has equal voting rights regardless of their capital contribution.

Coopavra Cooperativa Multiactiva de Ahorro y Crédito

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About Coopavra Cooperativa Multiactiva de Ahorro y Crédito in Paraguay