Question 1

What is Cooperativa Innovar?

Accepted Answer

Cooperativa Innovar is a multi-active savings and credit cooperative in Paraguay, formally registered as "Cooperativa Multiactiva de Ahorro y Crédito Innovar Limitada" (INNOVAR Ltda. C.M.A.C.). The cooperative is a member-owned financial institution formed by a community united through cooperative principles and values, committed to being a trusted partner for its members.

The cooperative focuses on providing financial services including savings and credit products while working to improve the quality of life of its members through accessible financial solutions and cooperative social benefits.

Question 2

When was Cooperativa Innovar founded?

Accepted Answer

[Information not publicly available]

Cooperativa Innovar is registered with Paraguay's Instituto Nacional de Cooperativismo (INCOOP) as an authorized multi-active savings and credit cooperative, but the specific founding date and founding circumstances are not disclosed in public records.

Question 3

Where is Cooperativa Innovar headquartered?

Accepted Answer

Cooperativa Innovar maintains its registered office at Perú N° 750, Piso 2, Oficina "B", Edificio Liberty, in Asunción, Paraguay. Asunción serves as Paraguay's capital and largest city, providing the cooperative with a central location in the country's main commercial and administrative center.

The cooperative's presence in Asunción positions it to serve members across the metropolitan area and potentially other regions of Paraguay.

Question 4

Where does Cooperativa Innovar operate?

Accepted Answer

Cooperativa Innovar operates in Paraguay, with its primary presence in Asunción and surrounding areas. As a registered cooperative with INCOOP, the institution serves Paraguayan residents within its defined membership area.

The cooperative's operations are focused on providing localized financial services to its member-owners throughout its service territory in Paraguay, adhering to the cooperative principle of serving a defined community.

Question 5

What services does Cooperativa Innovar offer?

Accepted Answer

Cooperativa Innovar provides multi-active financial services centered on savings and credit. The cooperative offers various savings products allowing members to deposit funds and build financial security, alongside credit products designed to meet diverse member financing needs for personal, family, and business purposes.

As a multi-active cooperative (C.M.A.C.), Innovar also provides consumption services and other member benefits beyond basic financial transactions. The cooperative requires members to make a capital contribution of 3,000,000 Guaraníes, payable in installments, plus a solidarity contribution of 50,000 Guaraníes, reflecting the cooperative ownership model.

Question 6

What makes Cooperativa Innovar unique?

Accepted Answer

Cooperativa Innovar emphasizes innovation and quality service, as reflected in its name "Innovar" (to innovate). The cooperative positions itself as a partner committed to accompanying members throughout their life cycle, providing financial solutions at various life stages.

The cooperative's mission focuses on offering accessible financial services with the specific goal of supporting members in building patrimony and achieving better quality of life. The cooperative's vision aims to become a national reference in cooperative savings, credit, consumption, and general services, demonstrating ambition to lead in Paraguay's cooperative financial sector while maintaining affordability and accessibility for members and the broader community.

Question 7

What type of financial institution is Cooperativa Innovar?

Accepted Answer

Cooperativa Innovar is a cooperativa multiactiva de ahorro y crédito (multi-active savings and credit cooperative) in Paraguay. This institutional type represents a member-owned financial cooperative that provides multiple services including savings, credit, consumption, and other member services.

As a CMAC registered with and regulated by Paraguay's Instituto Nacional de Cooperativismo (INCOOP), Innovar operates under Paraguay's cooperative legal framework. The multi-active designation means the cooperative can engage in various activities beyond basic savings and credit, including consumption services and other cooperative functions that benefit members. The cooperative structure ensures democratic member control, with members serving as both owners and users of the institution's financial and social services.

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About Cooperativa Innovar in Paraguay