Q: Where does Cooperativa de Ahorro y Crédito Apagüiz operate?

Cooperativa de Ahorro y Crédito Apagüiz operates primarily in the La Paz department of Honduras, with multiple service points throughout the region. The cooperative is part of the UNIRED network, which allows its members to access services at other affiliated cooperatives throughout Honduras. This network connection enables members to conduct transactions such as withdrawals at any participating cooperative location across the country, expanding the cooperative's effective service area beyond its physical branches.

Question 1

What is Cooperativa de Ahorro y Crédito Apagüiz?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz is a not-for-profit savings and credit cooperative based in Honduras. The institution operates as a member-owned financial cooperative that provides savings and lending services to its members. With over 32,000 members, Apagüiz has grown from its humble beginnings to become a recognized cooperative financial institution in the Honduran market.

The cooperative is supervised by CONSUCOOP (Consejo Nacional Supervisor de Cooperativas) and is affiliated with FACACH (Federación de Cooperativas de Ahorro y Crédito de Honduras). It is also regulated by CNBS (Comisión Nacional de Bancos y Seguros).

Question 2

When was Cooperativa de Ahorro y Crédito Apagüiz founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz was officially constituted on May 29, 1966, and began operations on May 30, 1966. The cooperative originated from discussions held in 1965 at the Iglesia Inmaculada Concepción church, where a group of people, with the help of priests, gathered to learn about the cooperative concept.

The initial nucleus was formed by the Sindicato de Oficios Varios (Various Trades Union) with 67 people, including Don Tiburcio Rodríguez. Personnel from the Gabriela Mistral School also became interested and attended formation seminars. The cooperative was founded with 67 founding members and an initial capital of L 1,136.00 (Honduran Lempiras).

Question 3

Where is Cooperativa de Ahorro y Crédito Apagüiz headquartered?

Accepted Answer

The cooperative is headquartered in La Paz, Honduras. The institution can be contacted via telephone at PBX 2758-0350 or by email at contacto@coopapaguiz.hn. Specific information about the exact street address in La Paz is available through the cooperative's official website.

Question 4

Where does Cooperativa de Ahorro y Crédito Apagüiz operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz is a not-for-profit savings and credit cooperative based in Honduras. The institution operates as a member-owned financial cooperative that provides savings and lending services to its members. With over 32,000 members, Apagüiz has grown from its humble beginnings to become a recognized cooperative financial institution in the Honduran market.

The cooperative is supervised by CONSUCOOP (Consejo Nacional Supervisor de Cooperativas) and is affiliated with FACACH (Federación de Cooperativas de Ahorro y Crédito de Honduras). It is also regulated by CNBS (Comisión Nacional de Bancos y Seguros).

Question 5

What services does Cooperativa de Ahorro y Crédito Apagüiz offer?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz offers a comprehensive range of financial services to its members:

Savings Products:
• Member capital contributions (aportaciones)
• Regular savings accounts (ahorro corriente) with flexible withdrawal options
• Children's savings accounts for minors
• Special savings accounts for specific purposes (vacations, special dates)

Credit Products:
• Agricultural loans (préstamos agropecuarios) for members with credit history in agricultural investment
• Small and medium enterprise (PYME) loans
• Housing loans (Credi-Casa) for home improvements, construction, land purchase, or property purchase
• Education loans (Educrédi-Apagüiz) for all educational levels from pre-primary through university

Digital Services:
• Apagüiz Online mobile application and web platform
• Account balance inquiries for savings and loans
• Loan payments (own and third-party)
• Transfers between accounts
• Third-party transfers
• ACH interbank deposits
• HCH transfers from Apagüiz to banks
• Electronic phone recharges for Tigo and Claro
• Online loan applications

Additional Services:
• UNIRED network access for nationwide transactions
• Educational and financial literacy programs for members

Question 6

What makes Cooperativa de Ahorro y Crédito Apagüiz unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz distinguishes itself through its strong cooperative identity and member-focused approach. The institution emphasizes that members are not merely customers but owners of the cooperative, with equal voting rights regardless of capital contribution.

The cooperative operates under strict adherence to cooperative principles and values, guided by faith-based ethics seeking the social and economic wellbeing of all members. Its governance structure is democratic, with members having voice and vote at assemblies, and all mechanisms controlled by the members themselves.

Apagüiz has developed modern digital services through its Apagüiz Online platform, allowing members to access services from home and eliminate waiting room times. The cooperative also offers educational partnerships, including a 10% discount for members on tuition and monthly payments at the Universidad Politécnica de Honduras. Its commitment to financial inclusion is demonstrated through specialized products for children, agricultural workers, small businesses, and students.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Apagüiz?

Accepted Answer

Cooperativa de Ahorro y Crédito Apagüiz is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), which is the Honduran equivalent of a credit union. This institutional type represents a member-owned, not-for-profit financial cooperative that provides savings and lending services exclusively to its members.

In the Honduran financial system, savings and credit cooperatives are distinct from commercial banks and are specifically regulated by CONSUCOOP, the national cooperative supervisory body. They operate under cooperative principles of democratic member control, open membership, and economic participation by members. As a cooperativa, Apagüiz reinvests surpluses for the benefit of members rather than distributing profits to external shareholders, fitting the traditional cooperative model prevalent throughout Latin America.

Cooperativa de Ahorro y Crédito Apagüiz

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About Cooperativa de Ahorro y Crédito Apagüiz in Honduras