Question 1

What is Caja Kafen Tomin?

Accepted Answer

Caja Kafen Tomin is a solidarity fund (Sociedad Cooperativa de Ahorro y Préstamo) operating in Mexico. As an authorized SOCAP, it provides savings and credit services to its members in the states of Hidalgo and San Luis Potosí. The institution focuses on promoting savings culture and offering low-cost loans to support the personal and family growth of its members.

Question 2

When was Caja Kafen Tomin founded?

Accepted Answer

Caja Kafen Tomin was founded in 1994. The cooperative was established to address the financial needs of communities in the Huasteca region, particularly focusing on indigenous populations and rural families who lacked access to traditional banking services.

Question 3

Where is Caja Kafen Tomin headquartered?

Accepted Answer

The institution is headquartered in Tamazunchale, San Luis Potosí, with its main office located at José María Morelos 416, Tamazunchale Centro.

Question 4

Where does Caja Kafen Tomin operate?

Accepted Answer

Caja Kafen Tomin operates primarily in the states of Hidalgo and San Luis Potosí in Mexico. The cooperative serves communities throughout the Huasteca region, focusing on areas with significant indigenous populations.

Question 5

What services does Caja Kafen Tomin offer?

Accepted Answer

Caja Kafen Tomin offers a range of financial services to its members, including savings accounts, time deposits with competitive interest rates, and various credit products. The cooperative provides loans designed to meet the needs of its members, supporting both personal and family development projects.

Members benefit from deposit insurance up to 25,000 UDIs (approximately 213,000 Mexican pesos) per member, provided through the FOCOOP protection fund.

Question 6

What makes Caja Kafen Tomin unique?

Accepted Answer

Caja Kafen Tomin distinguishes itself through its deep commitment to financial inclusion in the Huasteca region. The cooperative operates with a solidarity-based model that prioritizes community development over profit.

Its focus on serving indigenous communities and rural populations sets it apart from traditional banking institutions. The cooperative's structure ensures that all decisions are made democratically by its members.

Question 7

What type of financial institution is Caja Kafen Tomin?

Accepted Answer

Caja Kafen Tomin is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), a type of savings and loan cooperative authorized and supervised by Mexico's National Banking and Securities Commission (CNBV). As a SOCAP, it belongs to Mexico's social economy sector and operates as a non-profit, member-owned financial institution dedicated to serving its associates rather than generating profits for shareholders.

Caja Kafen Tomin

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About Caja Kafen Tomin in Mexico