Question 1

What is COOPAC El Milagro?

Accepted Answer

COOPAC El Milagro is a credit union (Cooperativa de Ahorro y Crédito) operating in Peru. It is a non-profit cooperative financial institution that provides savings and credit services exclusively to its members.

The cooperative serves its local community, focusing on financial inclusion and member economic development through cooperative principles.

Question 2

When was COOPAC El Milagro founded?

Accepted Answer

[Information not publicly available]

While specific founding details are not readily available, COOPAC El Milagro is registered with the Superintendencia de Banca, Seguros y AFP (SBS) and operates as an established cooperative within Peru's COOPAC system.

Question 3

Where is COOPAC El Milagro headquartered?

Accepted Answer

[Information not publicly available]

The specific headquarters location of COOPAC El Milagro is not publicly documented. The cooperative is registered and supervised by the SBS as part of Peru's national cooperative registry.

Question 4

Where does COOPAC El Milagro operate?

Accepted Answer

COOPAC El Milagro operates within Peru, serving its cooperative members in its designated service area. As a registered COOPAC, it operates under the territorial scope defined by its membership base.

The cooperative focuses on serving communities where its members reside and conduct their economic activities.

Question 5

What services does COOPAC El Milagro offer?

Accepted Answer

COOPAC El Milagro offers savings and credit services to its cooperative members. These services include various savings accounts and loan products designed to meet the financial needs of members.

As a cooperative, membership is required to access financial products. The institution does not capture resources from the general public, operating exclusively with member funds in accordance with COOPAC regulations.

Question 6

What makes COOPAC El Milagro unique?

Accepted Answer

COOPAC El Milagro operates under the cooperative principles of mutual aid, democratic governance, and member economic participation. These principles distinguish it from traditional for-profit financial institutions.

As a member-owned institution, the cooperative prioritizes the welfare of its members over profit maximization, offering financial services tailored to the specific needs of its community.

Question 7

What type of financial institution is COOPAC El Milagro?

Accepted Answer

COOPAC El Milagro is a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (COOPAC), which is a credit union not authorized to capture resources from the general public in Peru. It is classified as a Level 2 cooperative under the modular supervision system established by the Superintendencia de Banca, Seguros y AFP (SBS).

As a COOPAC, it operates as a non-profit cooperative association dedicated to capturing savings and granting loans to its cooperative members. These institutions are regulated and supervised by the SBS under Law No. 30822 (Ley COOPAC) and are subject to specific regulations appropriate to their size and complexity. COOPACs are essential to financial inclusion in Peru, particularly in communities where traditional banking services may be limited.

COOPAC El Milagro

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About COOPAC El Milagro in Peru