Question 1

What is Diciembre Ltda.?

Accepted Answer

Diciembre Ltda. (full legal name: DE DICIEMBRE Lida. C.M.A.C.Con.S.) is a multi-purpose savings and credit cooperative operating in Paraguay. The acronym C.M.A.C.Con.S. stands for "Cooperativa Multiactiva de Ahorro y Crédito, Consumo y Servicios" (Multi-purpose Savings, Credit, Consumption, and Services Cooperative).

As a multiactiva cooperative, Diciembre Ltda. combines multiple services including savings and credit operations, consumption services, and other cooperative activities for its members. The institution operates within Paraguay's cooperative financial sector, which is regulated by the Instituto Nacional de Cooperativismo (INCOOP).

Question 2

When was Diciembre Ltda. founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Diciembre Ltda. headquartered?

Accepted Answer

The specific headquarters location of Diciembre Ltda. is not publicly available. The cooperative operates within Paraguay and is registered with INCOOP under the national cooperative registry system.

Question 4

Where does Diciembre Ltda. operate?

Accepted Answer

Diciembre Ltda. operates within Paraguay, serving its member-owners throughout its service area. As a cooperative registered with INCOOP, the institution's operational scope is limited to the territory of Paraguay, in accordance with Paraguayan cooperative law (Law No. 438/94 and Law No. 2157/03).

The specific geographic regions or departments within Paraguay where the cooperative maintains offices or serves members is not publicly available.

Question 5

What services does Diciembre Ltda. offer?

Accepted Answer

As a multi-purpose cooperative (cooperativa multiactiva), Diciembre Ltda. offers the following core services to its members:

Savings Services: The cooperative accepts deposits and savings from its members, offering various savings products in accordance with INCOOP regulations for cooperatives.

Credit Services: Members can access loans and credit facilities for various purposes, including personal, commercial, and consumption needs.

Consumption Services: The cooperative may provide access to goods and services at favorable terms for its members.

Other Cooperative Services: As a multiactiva cooperative, the institution may offer additional member services and benefits in line with cooperative principles.

All services are provided exclusively to cooperative members (socios) in accordance with Paraguay's cooperative legislation, which establishes that cooperatives primarily serve their associated members rather than the general public.

Question 6

What makes Diciembre Ltda. unique?

Accepted Answer

Member-Owned Structure: As a cooperative, Diciembre Ltda. is owned and democratically controlled by its members, distinguishing it from traditional commercial banks. Each member has voting rights in the cooperative's governance, regardless of their capital contribution.

Multiactiva Model: The cooperative's multiactiva structure allows it to provide diverse services beyond just savings and credit, offering integrated financial and non-financial services to support members' economic and social development.

Cooperative Principles: The institution operates according to universal cooperative principles including voluntary membership, democratic control, member economic participation, autonomy, education and training, cooperation among cooperatives, and concern for community.

Regulatory Framework: Diciembre Ltda. operates under Paraguay's specialized cooperative legal framework, regulated by INCOOP rather than the Central Bank of Paraguay, which governs traditional financial institutions.

Question 7

What type of financial institution is Diciembre Ltda.?

Accepted Answer

Diciembre Ltda. is classified as a Cooperativa Multiactiva de Ahorro y Crédito (Multi-purpose Savings and Credit Cooperative) under Paraguay's cooperative classification system.

Within Paraguay's cooperative regulatory framework established by INCOOP, cooperatives are classified by:

Sector: Diciembre Ltda. belongs to the Ahorro y Crédito (Savings and Credit) sector, which represents financial cooperatives that accept deposits and provide credit to members.

Type: Based on INCOOP's typification system, cooperatives are classified as Type A, B, or C according to their asset size. Type C cooperatives are those with assets below 5 billion Paraguayan Guaraníes and typically have less stringent regulatory requirements compared to larger Type A and Type B cooperatives. [Specific type classification for Diciembre Ltda. not publicly confirmed].

Legal Status: The cooperative operates under Paraguay's Cooperative Law (Law No. 438/94) and is supervised by the National Cooperative Institute (INCOOP) per Law No. 2157/03, rather than by the banking superintendent.

This classification distinguishes Diciembre Ltda. from traditional banks, financial companies, and other commercial financial institutions that operate under different regulatory frameworks in Paraguay.

Diciembre Ltda.

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About Diciembre Ltda. in Paraguay