Question 1

What is Cooperativa Villa Morra?

Accepted Answer

Cooperativa Villa Morra is a multiactive savings and credit cooperative (Cooperativa Multiactiva de Ahorro, Crédito y Servicios) operating in Paraguay. It is a not-for-profit financial institution that serves its members by promoting social, civil, cultural, and economic development. The cooperative provides savings accounts, credit facilities, and additional services to its member-owners.

Registered with the Instituto Nacional de Cooperativismo (INCOOP) under number 1.152, the institution operates as a Type A cooperative, indicating its size and operational capacity within Paraguay's cooperative financial sector.

Question 2

When was Cooperativa Villa Morra founded?

Accepted Answer

The cooperative's history involves two distinct entities that merged to form the current institution. The original Cooperativa Villa Morra Ltda. was founded on October 30, 1986, with 400 founding members. It obtained legal status through Executive Power Decree No. 26.784 on February 2, 1988, and was registered with INCOOP on February 19, 1988, under number 221.

In parallel, Cooperativa de Ahorro y Crédito "COOPEMART Ltda" was established by employees of Empresa Fénix S.A. Martel as an independent cooperative serving the personnel of Martel. On April 20, 2007, in an Extraordinary General Assembly, the merger of Cooperativa Villa Morra Ltda. into Cooperativa Coopemart Ltda. was approved. The merged entity adopted the name Cooperativa Multiactiva de Ahorro, Crédito y Servicios Villa Morra Ltda. and was re-registered in the National Registry of Cooperatives under number 1.152 through Resolution No. 3.234 on March 11, 2008. This marked the first cooperative merger case in Paraguay.

Question 3

Where is Cooperativa Villa Morra headquartered?

Accepted Answer

Cooperativa Villa Morra is headquartered in Asunción, the capital city of Paraguay. The main office is located at San Roque González 653 between Manuel del Castillo and T. Pacheco streets in the Villa Morra neighborhood of Asunción.

The cooperative acquired its own premises in October 1991 and began operating from this location in November 1991. Villa Morra is an upscale commercial and residential neighborhood in Asunción known for its concentration of financial institutions, businesses, and high-end commercial establishments.

Question 4

Where does Cooperativa Villa Morra operate?

Accepted Answer

Cooperativa Villa Morra operates primarily in the Central Department of Paraguay, with its main presence in Asunción. Following its 1999 expansion, the cooperative opened its membership to all legally capable adults residing in the Central Department, Villa Hayes, and Benjamín Aceval.

The cooperative originally served only employees of Martel company but transformed into an open cooperative serving the broader community in these regions. This geographic focus allows the institution to concentrate on serving members in Paraguay's most populous metropolitan area.

Question 5

What services does Cooperativa Villa Morra offer?

Accepted Answer

Cooperativa Villa Morra provides comprehensive financial and social services to its members, including:

Financial Services: Savings accounts in various modalities, credit products (consumer loans, personal loans, and other financing options), investment certificates (certificados de aportación), and financial transfers and payments.

Credit Services: The cooperative offers financing options designed to improve members' quality of life, with competitive interest rates and terms tailored to member needs. As of 2008, the cooperative disbursed over 12 billion Guaraníes in loans while maintaining a delinquency rate of only 4%.

Healthcare Services: Since March 2002, the cooperative has operated its own Medical and Dental Clinic for the benefit of its members. This service continues the dental care program that began in 1995 in partnership with Martel company.

Member Benefits: As a multiactive cooperative, Villa Morra focuses on promoting the social, cultural, and economic development of its members through various programs and services beyond traditional banking.

Question 6

What makes Cooperativa Villa Morra unique?

Accepted Answer

Cooperativa Villa Morra holds the distinction of being involved in Paraguay's first cooperative merger. In 2007-2008, when Cooperativa Villa Morra Ltda. merged with Cooperativa Coopemart Ltda., it established a precedent for cooperative consolidation in the country.

The cooperative experienced remarkable growth following the merger. In 2008 alone, it grew its membership by 33%, increased cash operations by 80%, and maintained a low delinquency rate of 4% despite rapid expansion.

Unlike traditional banks, the cooperative operates on a member-ownership model where depositors are also shareholders, aligning the institution's interests with those of its members. The addition of healthcare services, including a medical and dental clinic exclusively for members, distinguishes it from purely financial cooperatives.

The institution's evolution from a closed company cooperative serving only Martel employees to an open multiactive cooperative serving the broader Asunción community demonstrates its commitment to financial inclusion and social development.

Question 7

What type of financial institution is Cooperativa Villa Morra?

Accepted Answer

Cooperativa Villa Morra is classified as a Cooperativa de Ahorro y Crédito (CAC) - a Savings and Credit Cooperative - under Paraguayan law. More specifically, it operates as a Cooperativa Multiactiva de Ahorro, Crédito y Servicios (Multiactive Cooperative of Savings, Credit, and Services), indicating it provides services beyond basic savings and loans.

The cooperative is regulated by the Instituto Nacional de Cooperativismo (INCOOP) under Law No. 438/94, which governs the constitution, organization, and functioning of cooperatives in Paraguay. As a Type A cooperative based on its asset size and number of members, Villa Morra is subject to more stringent regulatory requirements and supervision standards.

Cooperatives in Paraguay are distinct from commercial banks, operating as non-profit entities owned by their members rather than external shareholders. They are governed democratically through general assemblies where each member has one vote regardless of their capital contribution. This structure aligns with the seven international cooperative principles established by the International Cooperative Alliance.

Cooperativa Villa Morra

in Paraguay 🇵🇾

Crypto-Friendliness

All done!

About Cooperativa Villa Morra in Paraguay