Question 1

What is Cooperativa de Ahorro y Crédito del Pueblo Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito del Pueblo Limitada is a community-focused savings and credit cooperative operating in Honduras. Unlike employee-based cooperatives, this institution serves the broader population, providing accessible financial services to community members who may have limited access to traditional banking. As a cooperativa de ahorro y crédito, it operates under cooperative principles emphasizing mutual assistance, democratic governance, and member ownership.

The cooperative is registered and supervised by CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), Honduras' national cooperative regulatory body, ensuring compliance with financial prudential standards and cooperative legislation.

Question 2

When was Cooperativa de Ahorro y Crédito del Pueblo Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito del Pueblo Limitada headquartered?

Accepted Answer

The cooperative is headquartered in Honduras. Specific headquarters location details are not publicly disclosed.

Question 4

Where does Cooperativa de Ahorro y Crédito del Pueblo Limitada operate?

Accepted Answer

Cooperativa de Ahorro y Crédito del Pueblo Limitada operates within Honduras, serving communities where its members reside and work. As a community-based cooperative, it focuses on providing financial inclusion to underserved populations across various regions of the country.

Question 5

What services does Cooperativa de Ahorro y Crédito del Pueblo Limitada offer?

Accepted Answer

The cooperative provides essential financial services designed to promote economic development and financial inclusion:

Savings Products: Members can open savings accounts and make deposits to build financial security. These savings also contribute to the cooperative's capital base, strengthening its ability to serve the community.

Credit Services: The institution offers various loan products to members at reasonable interest rates, including personal loans, microenterprise financing, and other credit facilities designed to support livelihood development.

Financial Education: Members receive training on financial literacy, helping them understand savings, credit management, and personal finance principles.

Member Participation: As a cooperative, members have voting rights and can participate in governance decisions, ensuring the institution remains responsive to community needs.

Question 6

What makes Cooperativa de Ahorro y Crédito del Pueblo Limitada unique?

Accepted Answer

The cooperative's community-focused mission distinguishes it from traditional banks and closed-membership cooperatives. By serving the general population ("del Pueblo" means "of the People"), it provides financial access to individuals who might be excluded from conventional banking services.

The democratic governance structure ensures that each member has an equal voice, regardless of their savings balance. This promotes social equity and ensures the cooperative's policies reflect genuine community needs.

Operating under CONSUCOOP supervision, the cooperative maintains prudential standards while prioritizing member welfare and community development over profit maximization.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito del Pueblo Limitada is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative). In Honduras, this institutional type serves as a community-based financial institution organized under the Ley de Cooperativas de Honduras.

These cooperatives are first-degree, non-profit organizations with limited liability and indefinite duration. They are supervised by CONSUCOOP and must comply with solvency requirements, accounting standards, and operational norms established by Honduran cooperative legislation. Community-based cooperatives play a vital role in financial inclusion, particularly in underserved areas.

Cooperativa de Ahorro y Crédito del Pueblo Limitada

in Honduras 🇭🇳

Crypto-Friendliness

All done!

About Cooperativa de Ahorro y Crédito del Pueblo Limitada in Honduras