Question 1

What is Cooperativa Paulo VI R.L.?

Accepted Answer

Cooperativa Paulo VI R.L. is an open savings and credit cooperative (Cooperativa de Ahorro y Crédito Abierta) operating in Bolivia. As an open cooperative, it is authorized to provide financial intermediation services to both its members and the general public. The institution is supervised by the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia's financial regulatory authority, and operates under a cooperative ownership model where members have equal voting rights regardless of their capital contribution.

The cooperative serves communities across multiple departments in Bolivia, focusing on financial inclusion and cooperative principles of democratic governance and community benefit.

Question 2

When was Cooperativa Paulo VI R.L. founded?

Accepted Answer

Cooperativa Paulo VI R.L. received its operating license (Licencia de Funcionamiento) from ASFI on August 22, 2022. The cooperative officially began operations on January 23, 2023, making it one of the newer regulated financial cooperatives in Bolivia's supervised financial system.

The cooperative's establishment reflects Bolivia's ongoing efforts to expand regulated financial services and bring more financial institutions under formal supervision.

Question 3

Where is Cooperativa Paulo VI R.L. headquartered?

Accepted Answer

Cooperativa Paulo VI R.L. is headquartered in Oruro, a major city in the western highlands of Bolivia. Oruro is the capital of the Oruro Department and serves as an important commercial and mining center in the Altiplano region.

The headquarters location positions the cooperative to serve communities in the highland regions of Bolivia.

Question 4

Where does Cooperativa Paulo VI R.L. operate?

Accepted Answer

According to ASFI records, Cooperativa Paulo VI R.L. operates in three departments within Bolivia:
• Oruro (headquarters)
• La Paz
• Cochabamba

This regional presence allows the cooperative to serve urban and peri-urban communities across the western and central regions of Bolivia, connecting highland and valley populations with financial services.

Question 5

What services does Cooperativa Paulo VI R.L. offer?

Accepted Answer

As a regulated open savings and credit cooperative, Cooperativa Paulo VI R.L. provides core financial services including:

Savings Products: Savings accounts (cajas de ahorro) that allow members and the public to deposit funds and earn returns.

Credit Services: Various loan products designed to meet the financing needs of individuals and small businesses, including consumer credit, productive loans, and microfinance.

Membership Services: Cooperative membership through the purchase of share certificates (certificados de aportación), which grants ownership rights and democratic participation in the cooperative's governance.

The cooperative operates under Bolivia's financial services regulatory framework, ensuring depositor protection and adherence to prudential standards for capitalization, governance, and reserve requirements.

Question 6

What makes Cooperativa Paulo VI R.L. unique?

Accepted Answer

Several characteristics distinguish Cooperativa Paulo VI R.L. within Bolivia's financial sector:

Democratic Cooperative Structure: Unlike traditional banks owned by shareholders where voting power corresponds to share ownership, the cooperative operates on a "one member, one vote" principle. This ensures democratic governance regardless of capital contribution.

Community-Focused Mission: As a cooperative, profits are reinvested in service improvements, member benefits, and community development rather than distributed to external shareholders. This creates a multiplier effect that benefits the local communities served.

Regulatory Compliance: The cooperative operates with full ASFI supervision, providing depositors with the protections and oversight that come with formal financial regulation. This distinguishes it from unregulated financial cooperatives that operate outside the supervised system.

Recent Establishment: As one of the cooperatives that recently obtained its operating license, Cooperativa Paulo VI R.L. benefits from modern regulatory frameworks and contemporary financial practices from its inception.

Question 7

What type of financial institution is Cooperativa Paulo VI R.L.?

Accepted Answer

Cooperativa Paulo VI R.L. is classified as a Cooperativa de Ahorro y Crédito Abierta (Open Savings and Credit Cooperative) under Bolivian financial law. This is a specific category of non-bank financial institution in Bolivia.

Open cooperatives are distinguished from closed (societarias) cooperatives by their ability to serve the general public, not just their members. They are authorized to conduct financial intermediation operations and must comply with the same prudential regulations as other supervised financial entities under Bolivia's Ley de Servicios Financieros (Financial Services Law No. 393).

This classification requires the cooperative to maintain minimum capital requirements, implement proper governance structures, establish reserves and provisioning standards, and submit to regular ASFI supervision. The cooperative structure emphasizes social responsibility, financial inclusion, and service to communities often underserved by traditional banking institutions.

Cooperativa Paulo VI R.L.

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About Cooperativa Paulo VI R.L. in Bolivia