Question 1

What is Cooperativa de Ahorro y Crédito Jaén?

Accepted Answer

Cooperativa de Ahorro y Crédito Jaén is a savings and credit cooperative (COOPAC) operating in Peru. It is a closed cooperative that serves only its members, not the general public. The cooperative is regulated by the Superintendency of Banking, Insurance and AFP (SBS) under Law No. 30822, which came into effect in January 2019, establishing a supervisory framework for COOPACs in Peru.

As a COOPAC, it operates based on cooperative principles where members pool their savings and provide credit to fellow members. The institution is incorporated in the Cooperative Deposit Insurance Fund (FSDC), which provides deposit coverage up to S/. 5,000 per member.

Question 2

When was Cooperativa de Ahorro y Crédito Jaén founded?

Accepted Answer

[Information not publicly available]

The cooperative is registered with the SBS under the National Registry of Savings and Credit Cooperatives Not Authorized to Capture Resources from the Public (Registro Nacional de COOPAC). While the specific founding date is not publicly available, the institution operates within the framework established by Law No. 30822, which modernized the regulatory structure for cooperatives beginning in 2019.

Question 3

Where is Cooperativa de Ahorro y Crédito Jaén headquartered?

Accepted Answer

The cooperative is headquartered in Jaén, a city in the Cajamarca region of northern Peru. Jaén is located in the Alto Marañón region of northeastern Peru, positioned strategically between the Andean highlands and the Amazon rainforest.

The city of Jaén serves as a major agricultural and commercial hub in the selva alta (high jungle) of northwestern Peru. It is particularly known as a gateway to coffee-growing areas and plays a central role in the regional economy.

Question 4

Where does Cooperativa de Ahorro y Crédito Jaén operate?

Accepted Answer

The cooperative primarily operates in the Jaén province within the Cajamarca region of Peru. Jaén province is characterized by its agricultural economy, particularly coffee and rice production, and serves as a commercial center for the surrounding rural areas.

The province has a strong agricultural base with over 15,000 coffee producers and significant rice cultivation. This agricultural focus creates a natural constituency for cooperative financial services, as farmers and agricultural workers benefit from cooperative savings and lending models.

Question 5

What services does Cooperativa de Ahorro y Crédito Jaén offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa de Ahorro y Crédito Jaén offers core financial services to its members, typically including:

Savings Products: Various savings accounts and time deposits that allow members to accumulate capital while earning competitive interest rates. Member deposits are protected by the Cooperative Deposit Insurance Fund up to S/. 5,000.

Credit Products: Loans to members for various purposes including agricultural financing, personal loans, business development, and consumer credit. Given the cooperative's location in a major coffee and rice-producing region, agricultural credit likely plays a significant role in its lending portfolio.

Member Services: As a closed cooperative, membership is required to access services. Members make contributions (aportaciones) that represent their ownership stake in the cooperative and participate in governance through general assemblies.

Question 6

What makes Cooperativa de Ahorro y Crédito Jaén unique?

Accepted Answer

The cooperative serves a region with distinctive economic characteristics centered on agriculture, particularly coffee production. Jaén province is one of Peru's premier coffee-growing areas, contributing approximately 13% of national coffee production. The region's coffee has gained international recognition for its quality, with some describing it as "the new Colombia" in terms of Peruvian coffee excellence.

The cooperative's location in an agricultural hub positions it to serve a primarily rural and agricultural membership base. The Jaén region produces high-quality organic coffee, cacao, rice, and tropical fruits, creating specialized financial service needs for agricultural producers, processors, and traders.

The cooperative operates under Peru's cooperative framework, which emphasizes member ownership, democratic governance, and mutual benefit rather than profit maximization. Members participate directly in electing leadership through annual assemblies, creating accountability and community ties.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Jaén is a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (Savings and Credit Cooperative Not Authorized to Capture Resources from the Public), commonly known as a COOPAC in Peru.

COOPACs are mutual financial institutions organized as cooperatives where members are simultaneously owners and clients. Unlike banks, COOPACs are closed institutions that serve only their members, not the general public. To access services, individuals must first become members by making required contributions and meeting membership criteria.

Under the Peruvian regulatory framework established by Law No. 30822, COOPACs are supervised by the Superintendency of Banking, Insurance and AFP (SBS) through its Adjunct Superintendency of Cooperatives (SACOOP). The regulatory framework respects cooperative principles while ensuring solvency, integrity, and consumer protection. All registered COOPACs must participate in the Cooperative Deposit Insurance Fund (FSDC), which provides deposit coverage similar to bank deposit insurance systems.

Cooperativa de Ahorro y Crédito Jaén

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