Question 1

What is Cooperativa de Ahorro y Crédito Yuscaran Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Yuscaran Limitada is a credit union operating in Honduras, specifically serving the historic municipality of Yuscarán. As a member-owned financial cooperative, it provides savings and credit services to its members under the cooperative principles of mutual aid, democratic governance, and social responsibility.

The institution operates under the supervision of the Consejo Nacional Supervisor de Cooperativas (CONSUCOOP), Honduras' national cooperative supervisory council, which regulates all cooperatives in Honduras according to the Ley de Cooperativas de Honduras (Honduran Cooperative Law).

Question 2

When was Cooperativa de Ahorro y Crédito Yuscaran Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito Yuscaran Limitada headquartered?

Accepted Answer

The credit union is based in Yuscarán, a historic colonial city that serves as the capital of the El Paraíso Department in eastern Honduras. Yuscarán is located approximately 68 kilometers from Tegucigalpa, Honduras' capital city.

Yuscarán, which means "Place of House of Flowers" in indigenous Mexican language, was founded in 1730 and declared a National Monument of Honduras in 1979. The city is known for its colonial architecture, rich mining history, and proximity to the Montserrat Biological Reserve.

Question 4

Where does Cooperativa de Ahorro y Crédito Yuscaran Limitada operate?

Accepted Answer

The credit union operates within the Yuscarán municipality in the El Paraíso Department. This region is situated in eastern Honduras near the border with Nicaragua.

Yuscarán has a population of over 13,000 inhabitants and consists of 19 villages and 83 hamlets. The area's main economic activities include agriculture (coffee, sugarcane, vegetables, corn, and beans), cattle ranching, and tourism.

Question 5

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

Accepted Answer

Cooperativa de Ahorro y Crédito Yuscaran Limitada offers traditional credit union services to its members, which typically include:

Savings Services: Member savings accounts that provide a safe place to deposit funds while earning returns. These deposits help capitalize the cooperative and fund lending activities.

Credit Services: Loans to members for personal, family, and business purposes. Given the region's agricultural focus, the credit union likely provides financing for agricultural production, small businesses, and consumer needs.

The institution does not operate a public website, indicating that services are primarily delivered through physical branches and direct member interaction with the local community.

Question 6

What makes Cooperativa de Ahorro y Crédito Yuscaran Limitada unique?

Accepted Answer

The credit union serves a historically and culturally significant community. Yuscarán was once a major mining center during the colonial period, with rich gold and silver mines discovered between 1730 and 1740.

As a credit union, members are both customers and owners, with democratic governance where each member has one vote regardless of their savings balance. The institution focuses on serving its members rather than maximizing profits.

The cooperative plays an important role in providing financial services to a rural and mountainous region where access to traditional banking may be limited. The area's topography creates unique challenges, with irregular terrain and communities spread across multiple villages and hamlets.

The credit union is part of Honduras' cooperative sector, which emphasizes financial inclusion and serves communities that may have limited access to traditional banking services.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Yuscaran Limitada is a Cooperativa de Ahorro y Crédito (credit union), which is a distinct type of financial institution in Honduras.

Credit unions in Honduras are regulated separately from banks by CONSUCOOP rather than by the Comisión Nacional de Bancos y Seguros (CNBS), which oversees commercial banks. They are organized as limited liability cooperatives ("Limitada") under Honduran cooperative law.

These institutions are member-owned financial cooperatives that operate according to internationally recognized cooperative principles, including voluntary membership, democratic member control, member economic participation, and concern for community.

Cooperativa de Ahorro y Crédito Yuscaran Limitada

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