Question 1

What is De Funcionarios de Aseguradora Tajy Ltda. CACS Con.?

Accepted Answer

De Funcionarios de Aseguradora Tajy Ltda. CACS Con. is a closed-bond savings and credit cooperative (Cooperativa de Ahorro, Crédito y Servicios con vínculo cerrado) operating in Paraguay. The cooperative serves employees and staff of Aseguradora Tajy, a cooperative-owned insurance company.

As a workplace-based credit union, it operates under the closed-bond model, meaning membership is restricted to individuals employed by Aseguradora Tajy. The institution provides financial services exclusively to its employee-members, helping them build savings, access credit, and improve their financial well-being through cooperative principles.

Question 2

When was De Funcionarios de Aseguradora Tajy Ltda. CACS Con. founded?

Accepted Answer

The specific founding date is not publicly available. However, the cooperative operates within Paraguay's modern cooperative regulatory framework established under Law 438/94 (Ley de Cooperativas).

Aseguradora Tajy itself was founded in August 1997 as the first cooperative-owned insurance company in Paraguay, suggesting the employee cooperative was likely established sometime after this date to serve the insurance company's growing workforce.

Question 3

Where is De Funcionarios de Aseguradora Tajy Ltda. CACS Con. headquartered?

Accepted Answer

The cooperative is headquartered in Asunción, Paraguay, operating in connection with Aseguradora Tajy's main offices. Aseguradora Tajy's headquarters are located at Avenida Mariscal López esquina Guillermo Saraví in Asunción.

As a closed-bond employee cooperative, its operations are closely tied to the geographic presence of its parent employer organization.

Question 4

Where does De Funcionarios de Aseguradora Tajy Ltda. CACS Con. operate?

Accepted Answer

The cooperative operates throughout Paraguay, following the footprint of Aseguradora Tajy. The insurance company maintains a Casa Matriz (main office) in Asunción, along with eight regional branches located in strategic economic centers across the country, including Ciudad del Este, Encarnación, San Lorenzo, and Katueté.

The cooperative's services are available to eligible employees at these various locations throughout the national territory.

Question 5

What services does De Funcionarios de Aseguradora Tajy Ltda. CACS Con. offer?

Accepted Answer

As a CACS (Cooperativa de Ahorro, Crédito y Servicios), the institution offers:

Savings Products: Various savings accounts including savings at sight (ahorros a la vista), term deposits, and programmed savings plans that allow members to build financial reserves.

Credit Services: Personal loans, consumer credit, and other financing products designed to meet the needs of employee-members. Credit terms are typically more favorable than commercial banks, with interest rates and conditions set by the cooperative's governing council.

Additional Services: Depending on the cooperative's structure, it may offer financial education programs, solidarity funds, and other member benefit programs consistent with cooperative principles.

All services are regulated by INCOOP (Instituto Nacional de Cooperativismo) and must comply with the Marco General de Regulación y Supervisión de Cooperativas.

Question 6

What makes De Funcionarios de Aseguradora Tajy Ltda. CACS Con. unique?

Accepted Answer

The cooperative's closed-bond structure creates a unique community-focused financial institution. Key distinguishing features include:

Workplace Integration: As an employee cooperative, it benefits from direct salary deductions authorized by members, facilitating easier loan repayment and consistent savings contributions.

Cooperative Insurance Connection: Members belong to a cooperative serving employees of Paraguay's first cooperative-owned insurance company, creating a double layer of cooperative membership and solidarity.

Exclusive Membership: The closed-bond (vínculo cerrado) model ensures a cohesive membership base with shared employment experiences and common financial needs.

Regulatory Framework: Operates under INCOOP supervision rather than the Central Bank of Paraguay, reflecting its smaller scale and closed membership structure.

Question 7

What type of financial institution is De Funcionarios de Aseguradora Tajy Ltda. CACS Con.?

Accepted Answer

De Funcionarios de Aseguradora Tajy is a Cooperativa de Ahorro, Crédito y Servicios con vínculo cerrado (Closed-Bond Savings, Credit, and Services Cooperative).

In Paraguay's cooperative classification system maintained by INCOOP, closed-bond cooperatives (cooperativas de vínculo cerrado) are distinct from open cooperatives in that membership is limited to specific groups—in this case, employees of a particular organization. These institutions are regulated under Law 438/94 and its implementing decree 14.052/96, along with specific INCOOP resolutions governing credit cooperatives.

The cooperative operates as a not-for-profit financial mutual aid society, owned and democratically controlled by its employee-members, following the seven universal cooperative principles established by the International Cooperative Alliance.

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