Question 1

What is Cooperativa de Ahorro y Crédito Chincha?

Accepted Answer

Cooperativa de Ahorro y Crédito Chincha (COOPAC Chincha) is a savings and credit cooperative operating in Peru. Formally registered as COOPERATIVA DE AHORRO Y CREDITO CHINCHA LTDA. N° 397, it is a member-owned financial cooperative that provides financial services exclusively to its member-owners (socios).

As a COOPAC, this institution operates under Peru's cooperative financial framework and is supervised by the Superintendencia de Banca, Seguros y AFP (SBS) through the Superintendencia Adjunta de Cooperativas (SACOOP). The cooperative focuses on serving the financial needs of its members in the Chincha region of Peru.

Question 2

When was Cooperativa de Ahorro y Crédito Chincha founded?

Accepted Answer

[Information not publicly available]

The specific founding date of COOPAC Chincha has not been publicly documented. However, its registration number (N° 397) suggests it was established as part of the broader cooperative movement in Peru, which has a long history of providing financial services to local communities.

Question 3

Where is Cooperativa de Ahorro y Crédito Chincha headquartered?

Accepted Answer

Cooperativa de Ahorro y Crédito Chincha is headquartered in the Chincha province, located in the Ica region of Peru. Chincha is a coastal province situated approximately 200 kilometers south of Lima, along Peru's Pacific coast.

The Ica region is known for its agricultural production and coastal commerce, making it an important area for financial services that support local businesses and families.

Question 4

Where does Cooperativa de Ahorro y Crédito Chincha operate?

Accepted Answer

COOPAC Chincha primarily operates within the Chincha province in the Ica region of Peru. The cooperative serves local communities in this coastal area, providing financial services to residents and businesses in the region.

As a COOPAC not authorized to capture resources from the general public (not authorized to operate with third parties), it focuses on serving its member-owners within its local geographic area.

Question 5

What services does Cooperativa de Ahorro y Crédito Chincha offer?

Accepted Answer

As a savings and credit cooperative in Peru, COOPAC Chincha offers the following services to its members:

Savings Products: Member savings accounts, with deposits protected by the Fondo de Seguro de Depósitos Cooperativo (FSDC) up to S/5,000 per member.

Credit Services: Loans to members for personal needs, business development, education, and other purposes, subject to the cooperative's credit evaluation processes.

Member Aportaciones: Member capital contributions, which represent ownership stakes in the cooperative and provide voting rights in governance decisions.

The cooperative does not have a website and operates through in-person service channels.

Question 6

What makes Cooperativa de Ahorro y Crédito Chincha unique?

Accepted Answer

COOPAC Chincha distinguishes itself through its cooperative model, which emphasizes member ownership and democratic governance. Unlike traditional banks, members are both owners and customers, participating in the cooperative's decision-making processes.

As a locally-focused institution, the cooperative understands the specific financial needs of the Chincha community and can tailor its services accordingly. This local focus allows it to serve communities that may be underserved by larger commercial banks.

The cooperative is regulated by the SBS under Law N° 30822, which provides regulatory oversight while maintaining the cooperative's member-focused mission and structure.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Chincha is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (Credit Union Not Authorized to Capture Resources from the Public).

This designation means it is a savings and credit cooperative that operates exclusively with its member-owners and is not authorized to accept deposits from the general public or conduct operations with non-members. Under Peru's modular supervision framework established by Law N° 30822, COOPACs are classified into three levels (Nivel 1, 2, and 3) based on their total assets.

COOPACs in Peru are supervised by the Superintendencia de Banca, Seguros y AFP (SBS) through the Superintendencia Adjunta de Cooperativas (SACOOP), which began direct supervision on January 1, 2019. They must be registered in the Registro Nacional de Cooperativas de Ahorro y Crédito and are members of the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides deposit insurance coverage for member savings.

Cooperativa de Ahorro y Crédito Chincha

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About Cooperativa de Ahorro y Crédito Chincha in Peru