Question 1

What is Cooperativa de Ahorro y Crédito Agro Industrial?

Accepted Answer

Cooperativa de Ahorro y Crédito Agro Industrial (COOPAC Agro Industrial) is a small savings and credit cooperative based in Huancayo, Junín, Peru. The cooperative specializes in providing financial services to members with a focus on agricultural and industrial sectors. As a non-authorized cooperative that operates exclusively with its members, COOPAC Agro Industrial is regulated by the Superintendencia de Banca, Seguros y AFP (SBS) under Peru's cooperative banking framework.

The institution operates as a Level 2 cooperative within Peru's modular regulatory scheme, serving a localized membership base in the central highlands region.

Question 2

When was Cooperativa de Ahorro y Crédito Agro Industrial founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Agro Industrial began operations on June 1, 2013, according to its registration with SUNAT (Peru's tax authority). The cooperative was established to provide accessible financial services to agricultural and industrial workers in the Huancayo area.

The institution was created under the framework of Peru's General Cooperatives Law to serve members who often lack access to traditional banking services.

Question 3

Where is Cooperativa de Ahorro y Crédito Agro Industrial headquartered?

Accepted Answer

The cooperative is headquartered in Huancayo, the capital city of the Junín Region in Peru's central highlands. Specifically, its legal address is located on Jr. Libertad No. 965 (between Cajamarca and Libertad streets) in downtown Huancayo.

Huancayo is an important commercial and economic center at 3,256 meters (10,692 feet) above sea level, serving as the hub for the Mantaro Valley region.

Question 4

Where does Cooperativa de Ahorro y Crédito Agro Industrial operate?

Accepted Answer

COOPAC Agro Industrial operates primarily in Huancayo and the surrounding areas of the Junín Region. The Junín Region is known for its diverse economy that includes agriculture, livestock production, mining, and commerce.

The Mantaro Valley, where Huancayo is located, is one of Peru's most important agricultural areas, producing crops such as potatoes, corn, vegetables, and fruits. The region also has significant dairy and livestock operations, which align with the cooperative's focus on serving agricultural and industrial sectors.

Question 5

What services does Cooperativa de Ahorro y Crédito Agro Industrial offer?

Accepted Answer

As a Level 2 COOPAC, Cooperativa de Ahorro y Crédito Agro Industrial offers financial services exclusively to its members, including:

Savings Products: Various savings accounts designed to help members build financial security and meet their savings goals.

Credit Services: Loans tailored to agricultural and industrial activities, as well as consumer credit for members' personal needs.

Member Services: Financial education and cooperative governance participation, allowing members to have a voice in the institution's direction.

Under Peru's regulatory framework, Level 2 cooperatives can offer expanded services compared to Level 1 institutions, though they remain focused on serving member needs rather than the general public.

Question 6

What makes Cooperativa de Ahorro y Crédito Agro Industrial unique?

Accepted Answer

COOPAC Agro Industrial distinguishes itself through its specialized focus on serving agricultural and industrial workers in the Huancayo region. This sectoral focus allows the cooperative to understand the unique financial needs and cash flow patterns of members working in these industries.

The cooperative's location in Huancayo positions it in Peru's central highlands, a region with a strong tradition of cooperative organization and mutual assistance. The institution has been recognized by SUNAT as a "Good Taxpayer" (Buen Contribuyente), demonstrating its commitment to regulatory compliance.

As a small cooperative with approximately 3 employees, COOPAC Agro Industrial maintains a close relationship with its members and emphasizes personalized service.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Agro Industrial?

Accepted Answer

Cooperativa de Ahorro y Crédito Agro Industrial is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC) - a savings and credit cooperative not authorized to capture resources from the public.

COOPACs are financial cooperatives that operate exclusively with their members under the cooperative principles of democratic governance, member ownership, and mutual assistance. In Peru, COOPACs are distinct from banks and other financial institutions authorized to serve the general public.

The institution is classified as Level 2 within Peru's modular regulatory scheme established by Law 30822, which categorizes cooperatives based on their total assets. Level 2 cooperatives have assets between 600 and 65,000 UIT (Unidades Impositivas Tributarias) and are subject to supervision by the SBS's Cooperative Adjunct Superintendency.

Question 8

How is Cooperativa de Ahorro y Crédito Agro Industrial regulated?

Accepted Answer

COOPAC Agro Industrial is registered in the National Registry of Savings and Credit Cooperatives Not Authorized to Capture Public Resources, maintained by the SBS. This registration is mandatory for all cooperatives operating under Law 30822, which modernized Peru's cooperative financial sector beginning in 2019.

The regulatory framework requires the cooperative to maintain proper accounting records, submit periodic financial reports to the SBS, and adhere to capital adequacy and operational standards appropriate for its Level 2 classification. The cooperative is also a member of the Fondo de Seguro de Depósitos Cooperativo (Cooperative Deposit Insurance Fund), which provides protection for member deposits.

Question 9

What is the economic context of Cooperativa de Ahorro y Crédito Agro Industrial's region?

Accepted Answer

The Junín Region, where COOPAC Agro Industrial operates, has a diverse economy based on agriculture, livestock, mining, and commerce. Huancayo serves as the commercial hub for the Mantaro Valley, one of Peru's most productive agricultural zones.

The region produces a wide variety of crops including potatoes, corn, wheat, barley, vegetables, and fruits. Livestock activities, particularly dairy production and sheep farming, are also significant. This agricultural diversity creates varied financial service needs that specialized cooperatives like COOPAC Agro Industrial are positioned to serve.

The region's economy has experienced steady growth in recent years, with financial services increasingly important for supporting agricultural development and small business growth in the central highlands.

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