Question 1

What is Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31?

Accepted Answer

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 is a savings and credit cooperative (COOPAC) based in Peru. It is a not-for-profit cooperative financial institution that provides savings and lending services exclusively to its cooperative members (socios cooperativos).

The cooperative operates under the supervision of Peru's Superintendencia de Banca, Seguros y AFP (SBS) and is registered in the National Registry of COOPAC under registration number 000159-2019-REG.COOPAC-SBS. As a Level 2 cooperative in Peru's modular supervision scheme, Santa Verónica represents a mid-sized institution within the country's cooperative financial sector.

Question 2

When was Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 began operations on November 10, 1993. The cooperative was established to provide financial inclusion and services to its founding members in the Lambayeque region of Peru.

The institution was officially registered with the SBS on February 22, 2019, following the implementation of Law 30822 (Ley COOPAC), which brought all Peruvian cooperatives under direct supervision of the SBS starting January 1, 2019.

Question 3

Where is Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 headquartered?

Accepted Answer

The cooperative is headquartered in Chiclayo, the capital city of Lambayeque Province in the Lambayeque Department of northern Peru. Specifically, the registered address is located at Avenida Capitán Elías Aguirre Nro. 866 in Cercado de Chiclayo, next to Banco de Comercio.

Chiclayo is Peru's fourth most populous city and serves as a major commercial and financial hub for the northern coastal region of the country.

Question 4

Where does Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 operates primarily in the Lambayeque region of Peru, with its main presence in Chiclayo Province. As a regional cooperative, its operations focus on serving the local community and cooperative members within the Lambayeque Department.

The cooperative is classified as operating at Level 2 of operations according to the Third Complementary Transitory Provision of Law 30822. This indicates it serves a defined geographic area within Peru's northern coastal region.

Question 5

What services does Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 offer?

Accepted Answer

As a COOPAC (Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público), Santa Verónica provides financial services exclusively to its cooperative members. Core services include:

Savings Products: The cooperative accepts deposits and manages savings accounts for its socios cooperativos, helping members build financial security.

Credit Services: Santa Verónica extends loans to its members for various purposes, including personal needs, business development, and commercial activities. The cooperative focuses on serving merchants, entrepreneurs, and small business owners in the region.

Cooperative Membership: Individuals can become socios cooperativos by contributing to the cooperative's capital through membership shares. As member-owners, they have voting rights in the cooperative's governance.

The cooperative's deposits are covered by the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides protection for member savings in case of dissolution or liquidation.

Question 6

What makes Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 distinguishes itself through its cooperative structure, where members are both owners and users of the financial services. This creates a democratic governance model where socios cooperativos have voting rights and participate in decision-making.

The cooperative operates under the cooperative principles of mutual aid, solidarity, and community development. Unlike traditional banks, Santa Verónica focuses on financial inclusion and serving its members rather than maximizing profits.

As a Level 2 cooperative in the SBS modular system, Santa Verónica is subject to prudential supervision including capital requirements, credit management standards, and liquidity management regulations. This provides members with confidence in the institution's financial soundness while maintaining the cooperative's community-oriented mission.

The cooperative is registered as an exporter in Peru's commercial registry, indicating it may serve members involved in international trade activities.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31?

Accepted Answer

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 is a Cooperativa de Ahorro y Crédito (COOPAC), specifically classified as a COOPAC Not Authorized to Capture Resources from the Public. This is a distinct type of financial institution in Peru's regulatory framework.

COOPACs are cooperative associations without profit motives that provide financial intermediation services exclusively to their cooperative members. Unlike banks or other deposit-taking institutions, COOPACs cannot accept deposits from the general public—only from their socios cooperativos.

Within Peru's modular supervision scheme established by Law 30822, Santa Verónica is classified as a Level 2 (Modular Level 2) cooperative. This classification is based on the institution's asset size, complexity, and risk profile. Level 2 cooperatives face more extensive regulatory requirements than Level 1 entities, including capital adequacy standards, operational limits, credit and guarantee management protocols, liquidity management requirements, and investment restrictions.

The institution operates as a first-tier cooperative ("cooperativa de primer piso"), meaning it serves individual members directly rather than being a federation or central cooperative that serves other cooperatives.

Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31

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About Cooperativa de Ahorro y Crédito Santa Verónica Ltda. N° 31 in Peru