Question 1

What is Arcángel Rafael Ltda. C.A.C.?

Accepted Answer

Arcángel Rafael Ltda. C.A.C. is a savings and credit cooperative (Cooperativa de Ahorro y Crédito, or CAC) operating in Paraguay. As a Type C cooperative under the classification system established by the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative regulatory authority, it is a smaller financial institution with assets below 5 billion Paraguayan guaraníes.

The institution operates under Paraguay's cooperative legal framework, governed by Law 438/1994 and regulated by INCOOP Resolution 30150/2024, which establishes the typification and sectorization of cooperatives in Paraguay.

Question 2

When was Arcángel Rafael Ltda. C.A.C. founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Arcángel Rafael Ltda. C.A.C. headquartered?

Accepted Answer

The specific headquarters location of Arcángel Rafael Ltda. C.A.C. is not publicly disclosed. However, as a registered cooperative in Paraguay operating under INCOOP registration number 739, it operates within the regulatory framework of the Paraguayan cooperative system.

Question 4

Where does Arcángel Rafael Ltda. C.A.C. operate?

Accepted Answer

Arcángel Rafael Ltda. C.A.C. operates in Paraguay, serving its member-owners within the country. As a Type C cooperative, it typically serves a local or regional membership base within Paraguay, though specific operational areas are not publicly disclosed.

Question 5

What services does Arcángel Rafael Ltda. C.A.C. offer?

Accepted Answer

As a savings and credit cooperative (CAC), Arcángel Rafael Ltda. C.A.C. provides financial services to its members, which typically include:
• Savings accounts for member deposits in various forms, including demand deposits and time deposits
• Credit services offering loans to members for personal, family, or productive purposes
• Member ownership where account holders are also cooperative members with democratic voting rights

Type C cooperatives like Arcángel Rafael are authorized by INCOOP to conduct basic savings and credit operations. They must obtain prior authorization from INCOOP to perform certain advanced operations that are automatically permitted for larger Type A and B cooperatives.

The institution does not maintain a public website for digital banking services.

Question 6

What makes Arcángel Rafael Ltda. C.A.C. unique?

Accepted Answer

Arcángel Rafael Ltda. C.A.C. operates under the cooperative principles of mutual aid and democratic governance, where each member has one vote regardless of their account balance or share capital. This distinguishes it from traditional commercial banks.

As a Type C cooperative, it represents the grassroots level of Paraguay's cooperative financial system, typically serving smaller, more localized communities with a focus on financial inclusion and member benefit rather than profit maximization.

The cooperative operates under the direct supervision of INCOOP, which establishes specific regulatory requirements for Type C cooperatives, including minimum capital requirements, liquidity ratios, and operational restrictions designed to ensure stability while serving members.

Question 7

What type of financial institution is Arcángel Rafael Ltda. C.A.C.?

Accepted Answer

Arcángel Rafael Ltda. C.A.C. is a Cooperativa de Ahorro y Crédito (Credit Union), specifically classified as a Type C cooperative under Paraguay's cooperative classification system.

In Paraguay's financial landscape, cooperatives are distinct from banks and financial institutions regulated by the Central Bank of Paraguay (BCP). Instead, they are regulated by INCOOP under Law 2157/2003 and Law 438/1994.

Type C cooperatives are the smallest category, defined as having total assets of less than 5 billion Paraguayan guaraníes. They serve primarily local members and operate with more limited operational scope compared to Type A and Type B cooperatives, which can offer more sophisticated financial products and services.

As a member-owned cooperative, Arcángel Rafael operates on democratic principles where members are both owners and clients of the institution, sharing in any surplus generated through patronage dividends or improved services.

Arcángel Rafael Ltda. C.A.C.

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About Arcángel Rafael Ltda. C.A.C. in Paraguay