Cooperativas Bancarias

Cooperativas Bancarias are financial institutions owned and operated by their members, typically serving a specific community or group. Instead of seeking profits for external shareholders, they focus on providing financial services—like savings accounts, loans, and payment products—aimed at benefiting their members. These cooperatives emphasize democratic control, meaning members have a say in decision-making, and profits are often reinvested or shared among members. They foster financial inclusion and community development, aligning their goals with member needs rather than maximizing profits.