Q: What type of financial institution is Cooperativa de Ahorro y Crédito Cemcol Limitada?

Cooperativa de Ahorro y Crédito Cemcol Limitada is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), a type of member-owned financial cooperative recognized under Honduran law. This institutional structure is based on cooperative principles including democratic member control, voluntary membership, member economic participation, and concern for community. In Honduras, these cooperatives operate under the supervision of CONSUCOOP and are governed by the Ley de Cooperativas de Honduras (Honduran Cooperatives Law). They exist to serve member financial needs by pooling resources, providing affordable credit, and returning surplus earnings to members based on their participation level.

Question 1

What is Cooperativa de Ahorro y Crédito Cemcol Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Cemcol Limitada is a savings and credit cooperative (cooperativa de ahorro y crédito) operating in Honduras. It is a member-owned financial institution that provides savings and lending services to its affiliated members.

The cooperative is registered with and supervised by the Consejo Nacional Superior de Cooperativas (CONSUCOOP), the national regulatory authority for cooperatives in Honduras. It operates under the framework of the Honduran Cooperatives Law and its regulations.

Question 2

When was Cooperativa de Ahorro y Crédito Cemcol Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito Cemcol Limitada headquartered?

Accepted Answer

[Information not publicly available]

Question 4

Where does Cooperativa de Ahorro y Crédito Cemcol Limitada operate?

Accepted Answer

The cooperative operates within Honduras, providing financial services to its member-base. As a registered cooperative with CONSUCOOP, it serves its affiliated members in its designated service area.

Question 5

What services does Cooperativa de Ahorro y Crédito Cemcol Limitada offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa de Ahorro y Crédito Cemcol Limitada provides core financial services to its members including:

Savings Services - Various savings account products allowing members to accumulate capital and earn returns on their deposits.

Credit Services - Lending products providing affordable financing to members at reasonable interest rates.

Capital Contributions (Aportaciones) - Member capital contribution accounts that establish membership rights and participation in surplus distribution.

Member benefits typically include the distribution of annual surplus earnings based on patronage, reflecting the cooperative model's principle of equitable benefit sharing.

Question 6

What makes Cooperativa de Ahorro y Crédito Cemcol Limitada unique?

Accepted Answer

The cooperative operates without maintaining a public website, instead focusing on direct member relationships and in-person service delivery. This approach emphasizes personal connections and community-based financial services.

As a CONSUCOOP-registered institution, it adheres to the regulatory standards and cooperative principles established for Honduran savings and credit cooperatives.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Cemcol Limitada is a savings and credit cooperative (cooperativa de ahorro y crédito) operating in Honduras. It is a member-owned financial institution that provides savings and lending services to its affiliated members.

The cooperative is registered with and supervised by the Consejo Nacional Superior de Cooperativas (CONSUCOOP), the national regulatory authority for cooperatives in Honduras. It operates under the framework of the Honduran Cooperatives Law and its regulations.

In Honduras, these cooperatives operate under the supervision of CONSUCOOP and are governed by the Ley de Cooperativas de Honduras (Honduran Cooperatives Law). They exist to serve member financial needs by pooling resources, providing affordable credit, and returning surplus earnings to members based on their participation level.

Cooperativa de Ahorro y Crédito Cemcol Limitada

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