Question 1

What is Cooperativa de Ahorro y Crédito Sepacose?

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose is a credit cooperative (COOPAC) based in Lima, Peru, with over five decades of history serving its member base. It is a member-owned, not-for-profit financial institution that provides savings and credit services exclusively to its cooperative members. The cooperative is classified as a Level 1 COOPAC under the Superintendencia de Banca, Seguros y AFP (SBS) regulatory framework.

Sepacose was originally founded to serve employees of Pacífico Compañía de Seguros, and the name "SEPACOSE" stands for "Servidores de Pacífico Compañía de Seguros" (Servants of Pacífico Insurance Company).

Question 2

When was Cooperativa de Ahorro y Crédito Sepacose founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose was founded on December 27, 1967. The cooperative was established by three founding members: Dora Vallejos, Edulfo Hermengildo, and Pablo Quiroz.

The founders initiated this cooperative within the facilities of Pacífico Seguros with the objective of providing financial tools to support the personal and family development of their fellow employees. In 1968, the founders formally registered the cooperative with the Instituto Nacional de Cooperativas (INCOOP), taking the official name Cooperativa de Ahorro y Crédito SEPACOSE.

The cooperative celebrated its 55th anniversary in 2022, marking more than half a century of service to its member community.

Question 3

Where is Cooperativa de Ahorro y Crédito Sepacose headquartered?

Accepted Answer

The cooperative is headquartered in Lince, Lima, Peru. Its registered legal address is Jr. José de la Torre Ugarte Nro. 166 Int. 101, located at the height of Block 24 of Avenida Arequipa in the Lince district.

This central Lima location provides accessibility to members throughout the metropolitan area.

Question 4

Where does Cooperativa de Ahorro y Crédito Sepacose operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose operates primarily in Lima, Peru, serving members throughout the capital city and metropolitan area. As a Level 1 COOPAC, it maintains a focused operational scope centered on its member base.

The cooperative's origins tied to Pacífico Seguros employees have evolved over the decades, but it continues to serve the Lima region with a commitment to financial inclusion and cooperative values.

Question 5

What services does Cooperativa de Ahorro y Crédito Sepacose offer?

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose offers a range of financial services to its cooperative members, including:
• Savings accounts: Members can deposit and maintain savings with the cooperative
• Credit facilities: Personal loans for productive activities and family needs
• Member capital contributions: Cooperative share capital that members contribute to the institution
• Digital services: In recent years, Sepacose has implemented online services allowing members to make consultations and transactions from the comfort of their homes

The cooperative has modernized its operations while maintaining its commitment to personalized member service. It employs approximately 5 staff members and operates with both manual and computerized accounting systems adapted to comply with SBS requirements.

From its inception, the cooperative has promoted a culture of savings and responsible credit use among its members.

Question 6

What makes Cooperativa de Ahorro y Crédito Sepacose unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose stands out for its long history spanning more than 55 years of continuous service to its member community. As one of the older cooperatives in Lima, it has successfully navigated multiple regulatory transitions, including the transfer of supervision from FENACREP to direct SBS oversight in 2019.

The cooperative has demonstrated adaptability by implementing digital services in 2023 and beyond, modernizing its member experience while maintaining the personalized attention that characterizes cooperative financial institutions. Unlike traditional banks, every member is both an owner and a user of Sepacose's services, with voting rights and participation in the cooperative's governance.

Since February 2025, deposits at Sepacose are protected by the Fondo de Seguro de Depósitos Cooperativo (FSDC), providing deposit insurance coverage for cooperative members. The cooperative operates under Law No. 30822 (Ley COOPAC) and is registered with RUC number 20100452406.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Sepacose is a credit cooperative (Cooperativa de Ahorro y Crédito), specifically classified as a COOPAC Level 1 institution. COOPACs in Peru are associative, not-for-profit entities dedicated to capturing savings from and providing loans exclusively to their cooperative members.

The Level 1 classification indicates that Sepacose operates with a defined scope of basic financial services. As established by Peruvian cooperative law and SBS regulations, Level 1 COOPACs serve smaller member bases and cannot offer certain advanced services reserved for Level 2 and Level 3 cooperatives, such as CTS (Compensación por Tiempo de Servicios) deposits.

COOPACs differ fundamentally from traditional banks and financial companies in Peru, operating under cooperative principles including democratic member control, voluntary and open membership, member economic participation, autonomy and independence, and concern for community development. Members participate in the cooperative's general assemblies and can be elected to serve in governance roles.

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