What NORANDINO does

Coopac Norandino Ltda. is a member-owned savings and credit cooperative (Cooperativa de Ahorro y Crédito) founded on October 28, 2005, by 24 organized farmers affiliated with the CEPICAFE (Piura), CENFROCAFE (Cajamarca), and ORO VERDE (San Martín) coffee-producer federations. Headquartered at Calle Pardo Miguel N° 417 in Jaén (Cajamarca, Peru), it serves 43,000+ members across four northern Peruvian departments — Piura, Cajamarca, San Martín, and Amazonas — through 26 service points (agencies and informational offices) and an agent correspondent network reaching communities where commercial banks do not operate. It is regulated by Peru's Superintendencia de Banca, Seguros y AFP (SBS) under registration 0115-2019-REG.COOPAC-SBS, and all members have FSDC deposit insurance coverage up to S/10,000 as of January 2025. The General Manager is Clever Rojas Hernández, who has led the cooperative since its 2006 operational launch.

The cooperative's product portfolio spans agricultural credits (Sostenimiento, Diversicoop, Renovación, Capitalización — for coffee, cacao, sugarcane, banana, and livestock), microenterprise and commercial credits, the Credimujer product for women entrepreneurs, consumer and payroll-deduction loans, and a suite of savings instruments (Cuenta Sueldo, CTS, Ahorro Programado, Plazo Fijo, branded Ahorr@ndino accounts, and minors' accounts), plus the Fondo de Previsión Social insurance and Seguro Desgravamen credit-life cover. Digital infrastructure includes the WalletOn electronic wallet (issued by GMoney S.A. with interoperability to Yape, Plin, and Dale), Norandino Mastercard debit cards (basic and Micro Business variants with up to $750 accident/education/funeral coverage), and online banking operations; SARAS, an Environmental and Social Risk Management System developed with Sparkassenstiftung Alemana (DSIK), is used to score agricultural-loan environmental and social risk. Revenue is generated primarily through net interest spread on credit operations (agricultural TEA rates ranging from 23.87% to 57%, microenterprise up to 60%, commercial 13-20%), service fees and commissions (Western Union transfers, bill payments, agent network commissions), and the intermediation spread between deposit and lending rates.

The business model is a hybrid of community-led microfinance and digital banking: distribution is anchored by 192 employees and field-based financial advisors across the branch network and agent correspondents, while a multi-year Plan de Transformación Digital (480,000 euros COFIDES co-financing, implemented with Moventi Group) is extending digital channel usage among rural agricultural members. Beyond traditional credit, Norandino channels concessional Bionegocios financing under a 2023 agreement with MINAM and BID — disbursing 17 million soles to 3,428 Amazonian farmers since November 2023 with non-reimbursable sustainability bonuses up to 15% — and maintains a broad capital base from more than 15 impact investors and DFIs (Fondo Huruma, GAWA Capital, Oikocredit, Incofin, Alterfin, Symbiotics, Triodos/Hivos, Rabobank, ADA, Cordaid, Triple Jump, Global Partnerships, Cooperación Española, ABACO, FENACREP, and Kiva). Customers are predominantly unbanked or underbanked smallholder farmers, rural microenterprise owners, women entrepreneurs, and dependent workers in agricultural cooperatives and producer associations.

Name

NORANDINO

Legal name

Cooperativa de Ahorro y Crédito Norandino Ltda.

Website

https://coopacnorandino.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Coopac Norandino is a member-owned rural microfinance cooperative in northern Peru serving 43,000+ smallholder farmers, micro-entrepreneurs, and women across Piura, Cajamarca, San Martín, and Amazonas through 26 branches, agricultural credits, savings products, a digital wallet, and Mastercard debit cards.

Ownership category

akta.pro rank

Product category

Rural microfinance and cooperative banking

NAICS

Credit Unions (522130), Credit Unions (52213), Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141), Finance Services (6199)

akta.pro primary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

akta.pro secondary industry

Microenterprise Group Lending (Joint Liability) (FSAKAGAH)

Keywords

• Rural microfinance
• Agricultural lending
• Cooperative banking
• Savings accounts
• Microenterprise credit

Headquarters

HQ city

Cajamarca

HQ country

Peru

HQ region

Latin America

Offices25 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Credit Operations: Primary revenue stream from interest charged on various credit products including agricultural credits (sostenimiento, diversicoop, renovación), microenterprise loans, consumer loans, Credimujer, and commercial loans. Interest rates vary by product type with TEA ranging from approximately 13% to 60% depending on the loan type and currency.
2. Service Fees and Commissions: Fees from services including Western Union national and international transfers, bill payments (utilities, telephone, cable), and other transaction fees. Commission income from agent correspondent network operations.
3. Savings Deposits Intermediation: Interest paid to depositors on various savings accounts (Cuenta Sueldo, CTS, Ahorro Programado, Plazo Fijo, current accounts) at varying rates. The spread between lending rates and deposit rates constitutes core banking income.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Coopac Norandino is a member-owned cooperative savings and credit institution that provides financial services to individuals, microentrepreneurs, farmers, and producer organizations in northern Peru. Its core offerings include savings accounts, agricultural and microenterprise credit lines, consumer loans, an electronic wallet (WalletOn), debit cards, money transfer services, and social protection products (Fondo de Previsión Social and Seguro Desgravamen), delivered through a 26-branch network, agent correspondents, and digital channels.

Product overview

Coopac Norandino is a rural microfinance cooperative offering a comprehensive suite of financial products and services. The core offerings include WalletOn (SBS-regulated electronic wallet with interoperability to Dale, Yape, and Plin), Tarjeta Débito Mastercard, savings products (Cuenta Sueldo, CTS, Ahorro Programado, Plazo Fijo, and branded Ahorr@ndino variants for minors and adults), and diverse credit products (consumer loans, Credimujer for women entrepreneurs, microenterprise credit, agricultural/livestock credits, commercialization credit, and specialized credits for coffee farmers). The cooperative also provides Fundo de Previsión Social insurance and Seguro Desgravamen, with digital channels including online banking operations and a mobile app. The product portfolio serves over 43,000 members across 26 service points in Piura, Cajamarca, San Martín, and Amazonas regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Accounts (Cuenta Sueldo, CTS, Ahorro Programado, Plazo Fijo, Ahorr@ndino)

Quantifiable outcome

• 3,428 farmers benefited with 17 million soles in bionegocios credits since November 2023
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Sparkassenstiftung Alemana (DSIK)coreStrategic or Co-development Partner · 1 January 2024Partnership for implementation of SARAS (Environmental and Social Risk Management System). DSIK consultants provided training to credit staff in Piura and Jaén agencies on environmental and social risk assessment. The system helps identify and mitigate environmental and social risks in the agricultural loan portfolio, supporting climate adaptation for farmer members.
• Moventi Group (PERU APPS S.A.C.)coreImplementation/ SI/ Consulting Partner · 1 January 2023Winner of the digital transformation project tender. Responsible for developing and implementing the Digital Transformation Plan, evaluating digital maturity, creating strategic roadmap, and providing ongoing technical assistance for digital channel expansion.
• GMoney S.A.coreTechnology or IntegrationElectronic money issuer for WalletOn digital wallet, regulated by SBS. Enables interoperability with Yape, Plin, and Dale platforms. Provides the technological infrastructure for Norandino's mobile banking and electronic wallet services.
• MastercardcoreTechnology or IntegrationDebit card brand partnership providing Norandino Mastercard cards. New Micro Business cards offer enhanced benefits including education coverage, funeral expenses, and accident protection up to $750. Includes purchase protection and promotional offers.
• Entura PerúcoreTechnology or IntegrationTechnology partner for digital channel implementation including ATM deployment (4 branches) and card infrastructure. Facilitated the Mastercard partnership and supports digital service delivery through Norandino's technology platform.
• ABACOminorStrategic or Co-development PartnerMicrofinance network partner providing support, best practices, and potentially co-financing opportunities for microfinance institutions in Latin America.
• Banco de la NaciónminorChannel Partner/ Reseller/ DistributorNational bank partnership potentially for fund transfers, interbank services, and expanded access for cooperative members.
• RabobankminorStrategic or Co-development PartnerAgricultural banking expertise potentially supporting Norandino's agricultural lending programs and knowledge sharing.
• FENACREPminorStrategic or Co-development PartnerNational federation of cooperatives providing representation, support, and best practices for Peruvian cooperatives.
• CEPICAFÉ (Central de Cooperativas Café y Cacao)coreStrategic or Co-development PartnerFounding cooperative organization that helped establish Norandino. Represents coffee and cocoa producers in Piura region. One of the original 3 organizations that initiated Norandino with 24 organized farmers.
• CENFROCAFE (Central Fruticultora Cafetalera)coreStrategic or Co-development PartnerFounding cooperative organization from Cajamarca that helped establish Norandino. Represents coffee and fruit producers. One of the original 3 organizations that initiated the cooperative.
• ORO VERDEcoreStrategic or Co-development PartnerFounding cooperative organization from San Martín that helped establish Norandino. One of the original 3 organizations that initiated the cooperative with 24 farmers.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer service enabling national and international remittances for Norandino members, expanding financial services accessibility in rural areas.

Scale indicators9 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Caja Piura: Peruvian savings institution (Edpyme/Caja) serving northern Peru with deposit-taking and microfinance lending. Closely comparable in geography, product mix, and smallholder customer focus; ATM network is also a Norandino partner.
• Cusco Caja: Peruvian cooperative-style savings institution offering agricultural credit, microenterprise loans, and savings products to rural members. Comparable business model and member-owned governance structure.
• Caja Arequipa: Large Peruvian savings institution serving southern Peru with similar microfinance, agricultural, and small business credit products. Comparable in product breadth and member-base structure.
• Caja Sullana: Peruvian savings institution with significant presence in northern Peru. Comparable to Norandino in rural focus, agricultural lending, and smallholder deposit relationships.
• Caja Huancayo: Peruvian cooperative-style savings institution offering microfinance and rural credit. Comparable product suite and member-owned governance.
• Cooperativa de Ahorro y Crédito de la Microempresa (Coopac Mype): Peruvian Coopac focused on microenterprise finance. Comparable cooperative governance and product offerings for small businesses and agricultural producers.

Broad incumbents

• MiBanco: Largest microfinance bank in Peru offering agricultural, microenterprise, and consumer credit including in rural areas. Comparable product set but much larger scale and broader geographic reach.
• Compartamos Financiera (Peru): Peruvian arm of a major Latin American microfinance group serving micro and small entrepreneurs. Comparable in microenterprise lending but operates across Peru, not regionally concentrated.
• Fondo de Cajas Rurales de Ahorro y Crédito (FCR): Industry framework/association for Peruvian rural savings institutions. Useful comparable for the Coopac regulatory and operating environment Norandino operates in.
• Banco de la Nación (Peru): Peruvian state-owned bank providing nationwide banking including in rural districts where Norandino operates. Strategic partner for fund transfers; serves overlapping rural populations at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/coopacnorandino
• LinkedInlinkedin.com/company/cooperativa-de-ahorro-y-credito-norandino-ltda

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NORANDINO