Question 1

What is Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata?

Accepted Answer

Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata is a local savings and credit cooperative based in Llata, a district in the province of Huamalíes in the Huánuco region of Peru. As a COOPAC (Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público), it operates exclusively with its members rather than the general public.

The cooperative provides basic financial services including savings accounts and credit facilities to its members in the Llata community. It is registered with Peru's Superintendencia de Banca, Seguros y AFP (SBS), which began direct supervision of COOPACs in January 2019 under Law No. 30822.

Question 2

When was Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata founded?

Accepted Answer

[Information not publicly available]

The founding date of this cooperative has not been disclosed in publicly available records. Like many small regional cooperatives in Peru, detailed historical information may only be available in local community records or internal cooperative documentation.

Question 3

Where is Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata headquartered?

Accepted Answer

The cooperative is headquartered in Llata, the capital of the Huamalíes province in the Huánuco region of Peru. Llata is located in the central highlands of Peru, approximately 3,200 meters above sea level.

The Huamalíes province is a predominantly rural area where financial services from traditional banks are often limited. This makes local cooperatives an important source of financial inclusion for the community.

Question 4

Where does Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata operate?

Accepted Answer

The cooperative operates primarily in Llata and the surrounding Huamalíes province within the Huánuco region of Peru. Given its classification and size, operations are likely concentrated within this local geographic area.

The Huamalíes province encompasses several districts in the highlands of Huánuco. The cooperative serves rural and semi-urban communities in this region where access to mainstream banking services may be limited.

Question 5

What services does Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata offer?

Accepted Answer

As a COOPAC, the cooperative offers fundamental financial services to its members, which typically include:

Savings products: Members can open savings accounts to deposit funds and earn interest, helping them build financial reserves.

Credit services: The cooperative provides loans to members for various purposes including agricultural activities, small business development, education, and personal needs.

Membership services: Members participate in the cooperative's governance and benefit-sharing structure based on cooperative principles.

The cooperative does not offer services to the general public and operates exclusively with its members. Digital banking services information is not publicly available for this institution.

Question 6

What makes Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata unique?

Accepted Answer

The cooperative's primary distinguishing feature is its deep connection to the Llata community and the surrounding Huamalíes region. It serves a predominantly rural highland area where traditional banking infrastructure is minimal.

Named after the Virgen del Carmen (Our Lady of Mount Carmel), the cooperative reflects the cultural and religious heritage of the local community. The Virgen del Carmen is a significant religious figure in Peruvian highland communities and patron of many localities.

By focusing on local needs and operating under cooperative principles, it provides accessible financial services to communities that might otherwise be excluded from the formal financial system. Members are both owners and users of the cooperative, creating a community-based approach to finance.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata?

Accepted Answer

Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata is classified as a COOPAC (Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público), which translates to "Savings and Credit Cooperative Not Authorized to Capture Resources from the Public."

COOPACs are member-owned, not-for-profit financial cooperatives that operate exclusively with their members (socios cooperativos) rather than the general public. They are regulated by the Superintendencia de Banca, Seguros y AFP (SBS) under a modular supervisory framework established by Law No. 30822.

Under Peru's regulatory framework, COOPACs are classified into three levels based on their total assets. The supervision intensity and operational permissions vary by level, with smaller cooperatives in Level 1 subject to compliance supervision, while larger entities in Levels 2 and 3 undergo prudential supervision directly by the SBS.

These cooperatives are integral to Peru's financial inclusion strategy, providing banking services in areas where commercial banks have limited presence. They are governed by cooperative principles where members collectively own and democratically control the organization.

Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata

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About Cooperativa de Ahorro y Crédito Virgen del Carmen de Llata in Peru