Question 1

What is Cooperativa Santa Rosa?

Accepted Answer

Cooperativa Santa Rosa is a savings and credit cooperative (Cooperativa de Ahorro y Crédito, or COOPAC) operating in Peru. It is a not-for-profit member-owned financial institution that provides savings and lending services exclusively to its cooperative members. The cooperative is classified as a Level 1 institution under Peru's modular supervision scheme, with total assets equal to or less than 600 UIT (Unidades Impositivas Tributarias). Registered with the Superintendencia de Banca, Seguros y AFP (SBS) under registration number 000156-2019-REG.COOPAC-SBS, the cooperative serves the local community in the coastal region of northern Peru.

Question 2

When was Cooperativa Santa Rosa founded?

Accepted Answer

Cooperativa Santa Rosa was founded on July 25, 1962, making it over six decades old. The cooperative began operations on July 25, 1963, during a period when the Los Organos area was experiencing growth due to the petroleum industry. The cooperative was established to provide financial services to workers and residents in this developing coastal community, reflecting the cooperative movement's mission of mutual aid and community financial empowerment.

Question 3

Where is Cooperativa Santa Rosa headquartered?

Accepted Answer

Cooperativa Santa Rosa is headquartered at Calle Manco Capac No. 643 in Los Organos, district of Los Organos, province of Talara, department of Piura, Peru. Los Organos is a coastal town located in northern Peru along the Pan-American Highway, just meters from the Pacific Ocean. The area is known for its beautiful beaches and tourism industry, and is part of the broader Talara province, historically associated with Peru's petroleum sector.

Question 4

Where does Cooperativa Santa Rosa operate?

Accepted Answer

Cooperativa Santa Rosa operates primarily in the Los Organos district within the province of Talara in the Piura region of northern Peru. This coastal area includes nearby communities such as Vichayito, El Ñuro, and surrounding localities. The cooperative serves members in this relatively concentrated geographic area along Peru's northern Pacific coast. As a small, community-focused institution, its operations are centered on providing localized financial services to residents and workers in the Talara coastal region.

Question 5

What services does Cooperativa Santa Rosa offer?

Accepted Answer

Cooperativa Santa Rosa offers basic savings and credit services to its cooperative members. Members can open savings accounts to deposit funds and earn interest on their deposits. The cooperative also provides various types of loans to members for personal, family, and small business purposes. As a Level 1 COOPAC under SBS regulations, the cooperative is authorized to perform basic operations, focusing on traditional savings mobilization and credit disbursement to its member base. The cooperative does not maintain a website or digital banking platforms, operating through in-person service at its office location.

Question 6

What makes Cooperativa Santa Rosa unique?

Accepted Answer

Cooperativa Santa Rosa is distinguished by its long history of over 60 years serving the coastal community of Los Organos, predating the formal SBS supervision regime that began in 2019. As a small, community-based cooperative with approximately 5 employees, it maintains close relationships with its members and understands the specific financial needs of residents in this coastal tourism and former petroleum region. The cooperative embodies the traditional cooperative principles of mutual aid, democratic member ownership, and community service. Its longevity demonstrates resilience through economic changes in the region, from the petroleum industry decline to the current tourism-driven economy.

Question 7

What type of financial institution is Cooperativa Santa Rosa?

Accepted Answer

Cooperativa Santa Rosa is classified as a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC), which translates to a savings and credit cooperative not authorized to capture resources from the general public. In Peru's financial system, COOPACs are member-owned, not-for-profit financial cooperatives that can only provide services to their cooperative members, not the general public. Under the Ley N° 30822 (Ley COOPAC), these institutions are supervised by the SBS through a modular system based on asset size. Cooperativa Santa Rosa is a Level 1 COOPAC, the smallest category, which can perform basic savings and credit operations. This classification distinguishes it from commercial banks, which are for-profit institutions authorized to serve the general public, and from larger cooperatives that can perform more complex financial operations.

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About Cooperativa Santa Rosa in Peru