Question 1

What is Cooperativa de Ahorro y Crédito Crece con Prestafacil?

Accepted Answer

Cooperativa de Ahorro y Crédito Crece con Prestafacil (also known as COOPAC Prestafacil) is a savings and credit cooperative based in Peru. It is an associative, non-profit financial institution dedicated to providing savings and credit services exclusively to its members.

The cooperative operates under the regulatory framework established by the Superintendencia de Banca, Seguros y AFP (SBS), Peru's banking and insurance supervisor. As a COOPAC (Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público), it is not authorized to capture resources from the general public and can only provide financial services to its cooperative members.

Question 2

When was Cooperativa de Ahorro y Crédito Crece con Prestafacil founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Crece con Prestafacil began operations on September 14, 2017. The cooperative was established to provide accessible financial services to its members, following the cooperative principles of mutual help, responsibility, democracy, equality, equity, and solidarity.

The institution was founded during a period when Peru's cooperative sector was undergoing significant regulatory changes, prior to the implementation of Law No. 30822 (Ley COOPAC) in January 2019, which strengthened the SBS's supervisory role over credit cooperatives.

Question 3

Where is Cooperativa de Ahorro y Crédito Crece con Prestafacil headquartered?

Accepted Answer

The cooperative is headquartered in the Jose Luis Bustamante y Rivero district of Arequipa, Peru. The legal address is located at Av. Alcides Carrion Nro. 204a, La Pamplilla.

Arequipa is Peru's second-largest city and serves as an important financial center in southern Peru, making it a strategic location for serving the region's microfinance and cooperative banking needs.

Question 4

Where does Cooperativa de Ahorro y Crédito Crece con Prestafacil operate?

Accepted Answer

The cooperative operates primarily in the Arequipa region of southern Peru. Arequipa is one of Peru's most economically important departments, with significant commercial, agricultural, and industrial activity.

As a smaller credit cooperative registered with the SBS, COOPAC Prestafacil focuses on serving the local community in Arequipa and surrounding areas within the department. The institution maintains its presence in the region to better understand and serve the financial needs of its cooperative members.

Question 5

What services does Cooperativa de Ahorro y Crédito Crece con Prestafacil offer?

Accepted Answer

As a credit cooperative, COOPAC Prestafacil offers core financial services exclusively to its members, including:

Savings Products: The cooperative provides various savings account options for members to deposit and accumulate funds, earning interest on their deposits according to competitive rates within the cooperative sector.

Credit Products: Members can access different types of loans designed to meet personal, business, and emergency financial needs. Credit offerings are tailored to support members' economic development and financial goals.

Member Benefits: As a cooperative, members are also owners and participate in the governance of the institution. They have voting rights in general assemblies and can benefit from surplus distributions when the cooperative generates positive results.

The cooperative does not have a website and operates through traditional in-person service channels at its physical office location.

Question 6

What makes Cooperativa de Ahorro y Crédito Crece con Prestafacil unique?

Accepted Answer

COOPAC Prestafacil distinguishes itself through several key characteristics:

Cooperative Structure: Unlike traditional banks, members are both clients and owners of the institution. This democratic structure ensures that decision-making reflects the interests of the membership, with each member having an equal vote regardless of their account balance.

Focus on Financial Inclusion: The cooperative serves members who may have limited access to traditional banking services, providing an alternative financial channel for savings and credit in the Arequipa region.

Community-Oriented Approach: As a mutual help organization, the cooperative prioritizes the financial well-being of its members over profit maximization, typically offering more favorable terms and personalized service compared to commercial banks.

Regulatory Compliance: Despite being a smaller institution with approximately 10 employees, the cooperative maintains its registration with the SBS and complies with reporting requirements under Peru's COOPAC regulatory framework.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Crece con Prestafacil?

Accepted Answer

Cooperativa de Ahorro y Crédito Crece con Prestafacil is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC) in Peru. This is a specific type of credit cooperative that provides financial services exclusively to its members.

COOPACs are non-profit associative entities that operate under cooperative principles and values. They differ from traditional banks in their ownership structure, governance model, and mission.

Under Peru's modular supervision scheme established by Law No. 30822, COOPACs are classified into three levels (Nivel 1, 2, and 3) based on total assets. This classification determines the scope of operations permitted and the regulatory requirements applicable to each institution.

The cooperative is supervised by the Superintendencia Adjunta de Cooperativas (SACOOP), a specialized unit within the SBS, which oversees the entire COOPAC sector to ensure sound financial practices and protect members' deposits.

Cooperativa de Ahorro y Crédito Crece con Prestafacil

in Peru 🇵🇪

Crypto-Friendliness

All done!

About Cooperativa de Ahorro y Crédito Crece con Prestafacil in Peru