Question 1

What is COOCEP Ltda.?

Accepted Answer

COOCEP Ltda. (Cooperativa Multiactiva de Ahorro y Crédito y Servicios de Congregación de Miembros del Parque Limitada) is a multiactive savings and credit cooperative serving members of a specific community group in Paraguay. As a type C cooperative regulated by the Instituto Nacional de Cooperativismo (INCOOP), COOCEP operates as a member-owned financial institution providing savings, credit, and related services to its associates. The cooperative is part of Paraguay's robust cooperative sector, which accounts for 46% of the country's savings accounts and represents 11.7% of the national financial-banking sector.

Question 2

When was COOCEP Ltda. founded?

Accepted Answer

[Information not publicly available]

While the exact founding date of COOCEP Ltda. has not been publicly disclosed, the cooperative has been active as a registered entity under INCOOP supervision. Historical records indicate the cooperative was holding general assemblies by 2017, demonstrating an established operational history.

Question 3

Where is COOCEP Ltda. headquartered?

Accepted Answer

COOCEP Ltda. is headquartered in Asunción, Paraguay, with its offices located at Lagerenza 1763, between Coronel Moreno and Coronel López streets. This central Asunción location provides accessibility to members throughout the capital region.

Question 4

Where does COOCEP Ltda. operate?

Accepted Answer

COOCEP Ltda. primarily operates in Asunción and the surrounding metropolitan area. As a community-based cooperative serving congregational members of the park district, its operations are focused on the Central Department of Paraguay, where it serves its specific membership base.

Question 5

What services does COOCEP Ltda. offer?

Accepted Answer

COOCEP Ltda. provides traditional cooperative financial services including savings accounts (both demand deposits and time deposits), credit facilities for members, and consumption services. As a multiactive cooperative classified as Type C by INCOOP, it offers member-focused financial products designed to meet the economic needs of its associates.

These services include savings account management, various credit modalities for members, and additional cooperative services aligned with its multiactive designation. The cooperative operates under INCOOP's regulatory framework, which governs cooperatives with total assets under 5 billion Paraguayan Guaraníes.

Question 6

What makes COOCEP Ltda. unique?

Accepted Answer

COOCEP Ltda. stands out as a cooperative serving a specific congregational community—members associated with the park district. This focused membership model allows the cooperative to tailor its services to the particular needs and circumstances of its community.

The cooperative operates under Paraguay's distinctive cooperative framework, which emphasizes mutual aid, solidarity, and democratic member governance. As part of the larger Paraguayan cooperative movement, COOCEP contributes to a sector that handles nearly half of all savings accounts in the country, demonstrating the significance of cooperative finance in Paraguay's financial ecosystem.

Question 7

What type of financial institution is COOCEP Ltda.?

Accepted Answer

COOCEP Ltda. is a Cooperativa de Ahorro y Crédito Tipo C (Type C Savings and Credit Cooperative). In Paraguay's cooperative classification system established by INCOOP, Type C cooperatives are those with total assets below 5 billion Paraguayan Guaraníes (approximately USD $700,000).

This classification places COOCEP among smaller community-focused cooperatives that provide essential financial services to their members while operating under specific regulatory requirements appropriate to their size and risk profile. Unlike Type A and Type B cooperatives, Type C entities require INCOOP authorization for certain expanded financial operations and face more restrictions on foreign currency operations and maximum loan terms.

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About COOCEP Ltda. in Paraguay