Question 1

What is COOCAPRAC Ltda.?

Accepted Answer

COOCAPRAC Ltda. (Cooperativa Multiactiva de Ahorro, Crédito y Servicios de Capitanes de Cabotaje y Prácticos Zona Norte) is a specialized multi-service savings and credit cooperative in Paraguay. The institution serves maritime professionals, specifically captains of cabotage and pilots (prácticos) operating in the northern zone of Paraguay's river navigation system.

As a member-owned financial cooperative, COOCAPRAC provides tailored financial services to professionals in Paraguay's inland waterway navigation sector, which is crucial to the country's economy given its landlocked geography and dependence on river transport.

Question 2

When was COOCAPRAC Ltda. founded?

Accepted Answer

The specific founding date of COOCAPRAC Ltda. is not publicly available. However, the cooperative operates under the regulatory framework established by Paraguay's National Institute of Cooperativism (INCOOP), which oversees the country's extensive cooperative sector.

Paraguay has a strong tradition of professional cooperatives serving specific occupational groups, and COOCAPRAC follows this model by serving maritime professionals in the northern navigation zone.

Question 3

Where is COOCAPRAC Ltda. headquartered?

Accepted Answer

The specific headquarters location of COOCAPRAC Ltda. is not publicly available. Given its focus on serving captains and pilots in the northern zone, the cooperative likely operates in or near Asunción or other key ports along the northern section of the Paraguay River.

The northern zone referenced in the cooperative's name typically covers the Paraguay River from Asunción northward to Puerto Caballo, which is one of the four official pilotage zones established under Paraguay's Navigation Code.

Question 4

Where does COOCAPRAC Ltda. operate?

Accepted Answer

COOCAPRAC Ltda. operates within Paraguay, specifically serving the northern navigation zone of the country's river system. This area encompasses the Paraguay River and its tributaries in the northern region, which forms part of the Paraguay-Paraná Waterway system.

The cooperative's geographic focus aligns with the operational territory of its member professionals who navigate Paraguay's northern river routes. Paraguay's cooperative sector is distributed across all regions of the country, with institutions serving specific communities and professional groups.

Question 5

What services does COOCAPRAC Ltda. offer?

Accepted Answer

As a multiactiva (multi-service) savings and credit cooperative, COOCAPRAC Ltda. offers a range of financial services to its members, which likely include:

Savings Products: Various deposit accounts allowing members to save and earn returns on their funds, which is a core function of Paraguay's savings and credit cooperatives.

Credit Services: Loans and financing options tailored to the needs of maritime professionals, potentially including vessel-related financing and personal credit products.

Additional Services: Many Paraguayan cooperatives of this type also provide insurance products, financial education, and other member benefits aligned with cooperative principles.

The cooperative operates under INCOOP's regulatory framework, which classifies institutions by type and asset size to ensure appropriate supervision and member protection.

Question 6

What makes COOCAPRAC Ltda. unique?

Accepted Answer

COOCAPRAC Ltda. is distinguished by its highly specialized membership base, serving exclusively captains of cabotage and pilots in Paraguay's northern navigation zone. This professional focus is relatively rare within Paraguay's cooperative sector.

The institution addresses the specific financial needs of professionals in Paraguay's maritime industry, which plays a vital role in the landlocked nation's economy. Paraguay's river navigation sector handles significant commercial traffic along the Paraguay-Paraná Waterway, making specialized services for navigation professionals particularly valuable.

Unlike general-purpose cooperatives, COOCAPRAC brings together professionals who share common occupational challenges, regulatory requirements, and economic circumstances, allowing for more tailored financial products and mutual support among members.

Question 7

What type of financial institution is COOCAPRAC Ltda.?

Accepted Answer

COOCAPRAC Ltda. is classified as a Cooperativa Multiactiva de Ahorro, Crédito y Servicios (Multi-Service Savings and Credit Cooperative) under Paraguay's cooperative classification system administered by INCOOP.

Within Paraguay's cooperative sector, savings and credit cooperatives represent approximately 65% of all first-grade cooperatives. These institutions are member-owned financial cooperatives that operate on cooperative principles of democratic control, member participation, and mutual benefit.

Paraguay's cooperative sector is robust, with cooperatives accounting for approximately 46% of all savings accounts in the country's financial system. COOCAPRAC operates within this framework as a specialized occupational cooperative serving a specific professional community rather than a general geographic community.

COOCAPRAC Ltda.

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About COOCAPRAC Ltda. in Paraguay