Question 1

What is Cooperativa Santa Rosa de Huancavelica?

Accepted Answer

Cooperativa Santa Rosa de Huancavelica is a specialized savings and credit cooperative serving health sector workers in the Huancavelica region of Peru. Formally known as Cooperativa de Ahorro y Crédito Santa Rosa del Sector de Salud de Huancavelica Limitada, this institution operates as a member-owned financial cooperative providing savings, credit, and social welfare services exclusively to its members. The cooperative is registered with Peru's Superintendencia de Banca, Seguros y AFP (SBS) under registration number 000208-2019-REG.COOPAC-SBS and operates at Level 1 of operations according to the modular scheme established by Law 30822.

Question 2

When was Cooperativa Santa Rosa de Huancavelica founded?

Accepted Answer

[Information not publicly available]. The cooperative was registered with the SBS on March 8, 2019, following the implementation of Law 30822 in 2018, which reformed the regulatory framework for credit unions not authorized to capture resources from the general public. This registration process was part of a nationwide consolidation of the cooperative financial sector under direct SBS supervision.

Question 3

Where is Cooperativa Santa Rosa de Huancavelica headquartered?

Accepted Answer

The cooperative is headquartered in Huancavelica, the capital city of the Huancavelica region in central Peru. Huancavelica is located in the Andean highlands, positioned between the departments of Lima, Junín, Ayacucho, and Ica.

Question 4

Where does Cooperativa Santa Rosa de Huancavelica operate?

Accepted Answer

Cooperativa Santa Rosa de Huancavelica operates primarily within the Huancavelica region of Peru, serving health sector workers throughout the department. As a Level 1 cooperative under the SBS modular framework, its operations are focused on its local member base within the province of Huancavelica. The cooperative does not capture resources from the general public and operates exclusively with member resources.

Question 5

What services does Cooperativa Santa Rosa de Huancavelica offer?

Accepted Answer

As a savings and credit cooperative, Cooperativa Santa Rosa de Huancavelica offers core financial services to its members, including:

Savings Products: Various savings accounts allowing members to accumulate funds and earn returns on their deposits.

Credit Services: Loans designed to meet the needs of health sector workers, potentially including personal loans, consumer credit, and emergency financing.

Social Welfare Benefits: Cooperatives in Peru typically provide member benefits such as mutual aid funds (Fondo de Previsión Social) offering financial support during difficult circumstances, including death benefits and emergency assistance for members and their families.

The cooperative does not operate with resources from the general public and membership is required to access all products and services.

Question 6

What makes Cooperativa Santa Rosa de Huancavelica unique?

Accepted Answer

Cooperativa Santa Rosa de Huancavelica distinguishes itself through its specialized focus on serving health sector workers in the Huancavelica region. This sector-specific approach allows the cooperative to tailor its financial products and services to the unique needs and employment patterns of healthcare professionals and workers.

The cooperative's member-based structure emphasizes solidarity and mutual support among health sector colleagues, creating a financial institution that understands the specific challenges and opportunities facing healthcare workers in one of Peru's highland regions.

Operating under SBS supervision with registration number 000208-2019-REG.COOPAC-SBS, the cooperative adheres to regulatory standards while maintaining its commitment to cooperative principles and member service.

Question 7

What type of financial institution is Cooperativa Santa Rosa de Huancavelica?

Accepted Answer

Cooperativa Santa Rosa de Huancavelica is a Cooperativa de Ahorro y Crédito (COOPAC), which translates to Credit Union or Savings and Credit Cooperative in English. In Peru, COOPACs are member-owned financial cooperatives regulated by the Superintendencia de Banca, Seguros y AFP under Law 30822, which established a modular supervision framework.

As a Level 1 cooperative, it operates at the smallest scale within the three-tier modular system (Levels 1, 2, and 3). Level 1 cooperatives are not authorized to capture deposits from the general public and operate exclusively with member resources. They are subject to basic prudential regulations and are supervised by the SBS's Adjunct Superintendency of Cooperatives.

Unlike commercial banks, cooperatives like Cooperativa Santa Rosa de Huancavelica are mutual organizations owned and controlled by their members, operating on cooperative principles of democratic governance and member benefit rather than profit maximization.

Cooperativa Santa Rosa de Huancavelica

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About Cooperativa Santa Rosa de Huancavelica in Peru

Cooperativa Santa Rosa de Huanca­velica