Question 1

What is Cooperativa Educadores Gran Chaco?

Accepted Answer

Cooperativa Educadores Gran Chaco is a savings and credit cooperative (Cooperativa de Ahorro y Crédito Abierta) operating in Bolivia. The institution is regulated and supervised by the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia's financial system supervisory authority.

Originally founded to serve educators, it has evolved into an open cooperative that provides financial services to the general public in the Gran Chaco region of Bolivia. The cooperative operates as a limited liability company with both economic and social objectives, focusing on financial intermediation through savings and credit activities.

Question 2

When was Cooperativa Educadores Gran Chaco founded?

Accepted Answer

Cooperativa Educadores Gran Chaco was founded on February 1, 1967, as a cooperative society. The institution was originally established as a closed cooperative exclusively for educators in the Gran Chaco region.

In 1969, following a determination by the Federación Nacional de Cooperativas de Ahorro y Crédito (FENACRE), the cooperative transitioned from a "closed" model to an "open common bond" structure, initially expanding access to urban teachers. Subsequently, it became fully open to the general public, allowing anyone to become a member or client without the requirement of being an educator, though it has maintained its identity and connection to the education sector.

Question 3

Where is Cooperativa Educadores Gran Chaco headquartered?

Accepted Answer

Cooperativa Educadores Gran Chaco is headquartered in Yacuiba, the capital city of the Gran Chaco Province in the Department of Tarija, Bolivia. The specific address of the institution's central office is Calle Campero No. 140, between Calle Martín Barroso and Avenida San Martín in Yacuiba.

Question 4

Where does Cooperativa Educadores Gran Chaco operate?

Accepted Answer

Cooperativa Educadores Gran Chaco operates exclusively within the Department of Tarija in southern Bolivia. According to official ASFI records, the cooperative has a regional presence focused on the Gran Chaco Province and surrounding areas within Tarija.

The institution serves the municipalities of Yacuiba, Caraparí, and Villamontes, which constitute the main urban centers in the Gran Chaco Province. This operational footprint allows the cooperative to serve both urban and rural communities in one of Bolivia's most important agricultural and energy-producing regions.

Question 5

What services does Cooperativa Educadores Gran Chaco offer?

Accepted Answer

Cooperativa Educadores Gran Chaco offers a comprehensive range of financial services typical of Bolivian savings and credit cooperatives:

Savings Products: The cooperative provides savings accounts (cajas de ahorro) and fixed-term deposits (depósitos a plazo fijo) that allow members to save with competitive interest rates.

Credit Services: The institution extends various types of loans, including consumer credit, housing improvement loans, working capital financing, vehicle loans, and investment loans for small businesses and entrepreneurs.

Digital Banking: The cooperative has embraced digital transformation with a mobile banking application called "Coopechaco," available on the Google Play Store. This digital banking platform enables members and clients to access their accounts, make transactions, and manage their finances remotely.

Payment Services: Members can use the cooperative's services for bill payments and other transactional banking needs.

Question 6

What makes Cooperativa Educadores Gran Chaco unique?

Accepted Answer

Several factors distinguish Cooperativa Educadores Gran Chaco within Bolivia's financial landscape:

Regional Focus: The cooperative has deep roots in the Gran Chaco region, an economically important but geographically remote area of Bolivia. This local focus allows it to understand and serve the specific needs of communities in this agricultural and energy-producing zone.

Educational Heritage: Despite now being open to the general public, the cooperative maintains its historical connection to the education sector, preserving its founding identity while serving a broader membership base.

Regulatory Compliance: The institution holds a full operating license from ASFI and is subject to comprehensive prudential supervision, providing members with the security and confidence that comes with formal regulatory oversight. As a licensed and supervised entity, deposits are protected under Bolivia's financial system framework.

Community Development Orientation: True to cooperative principles, the institution emphasizes social and economic objectives alongside financial performance, focusing on improving the quality of life for its members and the broader community in the Gran Chaco region.

Digital Innovation: Despite serving a regional market, the cooperative has implemented modern digital banking solutions, demonstrating its commitment to technological advancement and improved customer service.

Question 7

What type of financial institution is Cooperativa Educadores Gran Chaco?

Accepted Answer

Cooperativa Educadores Gran Chaco is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Savings and Credit Cooperative) under Bolivian financial regulation. This institution type is specifically defined in Bolivia's Law No. 393 of Financial Services.

Open savings and credit cooperatives in Bolivia are financial intermediaries that can serve the general public, not just a closed membership group. They are authorized to collect savings deposits from members and clients and provide credit services. These cooperatives operate under the supervision of ASFI and must comply with prudential regulations similar to other financial institutions, including capital adequacy requirements, liquidity standards, and consumer protection rules.

As a cooperative, it operates under democratic governance principles where members have voting rights in the institution's management and strategic decisions. The cooperative structure prioritizes member service and community development over profit maximization, distinguishing it from commercial banks and other for-profit financial institutions in Bolivia.

Cooperativa Educadores Gran Chaco

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About Cooperativa Educadores Gran Chaco in Bolivia