Question 1

What is Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada, known commercially as COOPAC Ética, is a savings and credit cooperative based in Peru. The institution operates as a member-owned financial cooperative that provides savings and lending services to its members.

COOPAC Ética is classified as a Level 2 cooperative by Peru's Superintendencia de Banca, Seguros y AFP (SBS), with total assets greater than 600 UIT but not exceeding 65,000 UIT. The cooperative is inspired by Christian principles and focuses on providing ethical and innovative financial services to its community.

Question 2

When was Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada founded?

Accepted Answer

COOPAC Ética was founded on August 20, 2012, and began its operations approximately 14 years ago. The cooperative was established with the mission of promoting ethical finance and fostering financial inclusion in the Junín region.

The institution was officially registered with the SBS on March 1, 2019, under registration number 000182-2019-REG.COOPAC-SBS, following the implementation of Law No. 30822, which brought cooperatives under direct SBS supervision. Prior to 2019, the cooperative operated under indirect supervision through FENACREP (Federación Nacional de Cooperativas de Ahorro y Crédito del Perú).

Question 3

Where is Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada headquartered?

Accepted Answer

COOPAC Ética is headquartered in El Tambo, Huancayo, in the Junín region of Peru. The main office is located at Jr. Nemesio Raez Nro. 168, behind Colegio Gelicich.

Huancayo serves as the commercial and financial center of central Peru, making it a strategic location for the cooperative's operations in the Junín region.

Question 4

Where does Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada operate?

Accepted Answer

The cooperative primarily operates in the Junín region of central Peru. It maintains offices in multiple locations within the region, including Huancayo (main office), Chupaca, and Pichanaki.

The geographic focus allows COOPAC Ética to serve communities in both urban and rural areas of Junín, reaching populations that may have limited access to traditional banking services.

Question 5

What services does Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada offer?

Accepted Answer

COOPAC Ética offers a range of savings and credit services exclusively to its cooperative members. The primary services include savings accounts, fixed-term deposits, and various credit products designed for microenterprises, families, women, and youth.

As a Level 2 cooperative, it is authorized to provide Operation Type 1 services, which includes receiving savings deposits from members and providing loans. The cooperative emphasizes financial inclusion, focusing on serving women, youth, families, and microenterprises that may be underserved by traditional financial institutions.

The institution also provides financial education programs to its members, aligning with its mission of promoting ethical finance and sustainable development.

Question 6

What makes Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada unique?

Accepted Answer

COOPAC Ética distinguishes itself through its foundation in Christian principles and its commitment to ethical finance. The cooperative's slogan, "Gente que Coopera Crece" (People Who Cooperate Grow), reflects its philosophy of mutual support and community development.

The institution emphasizes values of integrity, accessibility, wisdom, and democratic governance. Its social commitment extends beyond financial services to include programs focused on financial inclusion, gender equity, sustainable development, and community strengthening.

COOPAC Ética is affiliated with FENACREP, Peru's national federation of savings and credit cooperatives, which provides additional support and representation for the institution within the broader cooperative movement.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada?

Accepted Answer

COOPAC Ética is a Cooperativa de Ahorro y Crédito (COOPAC), which is Peru's designation for a savings and credit cooperative. COOPACs are member-owned financial cooperatives that operate according to cooperative principles and are not authorized to capture deposits from the general public.

In Peru, COOPACs are classified into three levels based on asset size, with COOPAC Ética operating as a Level 2 institution. This classification system, established under Law No. 30822, determines the scope of operations and regulatory requirements for each cooperative.

Unlike banks, COOPACs are structured as not-for-profit associations focused on member welfare. Members are simultaneously owners, depositors, and borrowers, participating democratically in governance through elected councils and assemblies. The institution is supervised by the SBS through its specialized unit, SACOOP (Superintendencia Adjunta de Cooperativas).

Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada

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About Cooperativa de Ahorro y Crédito Corporación Cooperativa Ética Limitada in Peru