COOPERATIVA FINACOOP

What COOPERATIVA FINACOOP does

COOPERATIVA FINACOOP is a Honduran savings and credit cooperative founded in 1992, headquartered in Honduras and operating a network of 10 branches across the country's productive zones with a staff of 11-50 employees. It serves individual members, micro and small enterprises, and agricultural producers, providing savings instruments (member share contributions, savings accounts, fixed-term deposits) and a catalogue of eight loan products spanning consumer, mortgage, vehicle, commercial, microcredit, and agricultural credit. The underlying technology stack is centered on a proprietary core platform branded "S.I.F." (Sistema Informático Financiero), which supports member onboarding, deposit management, and loan servicing across the branch network.

The cooperative generates income primarily through net interest margin on its loan book, fee income from member services, and the reinvestment of member share contributions and deposits. Its go-to-market is branch-led, complemented by member-engagement programs including a member lottery designed to reinforce loyalty and long-tenure shareholding. In 1996 the cooperative acquired the loan portfolios of Cooperativa Cafetalera Marcalina and Cooperativa Maya Occidental, and in 2014 it formally reorganized as a regulated Cooperativa de Ahorro y Crédito under Honduras' CONSUCOOP framework. A 2025 partnership with Universidad Tecnológica Hondureña (UTH) signals an intent to extend reach into younger and educational customer segments.

Name

COOPERATIVA FINACOOP

Legal name

COOPERATIVA FINACOOP LTDA.

Website

https://finacoop.hn

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

COOPERATIVA FINACOOP is a Honduran savings and credit cooperative founded in 1992, operating 10 branches and serving individual members, micro/small enterprises, and agricultural producers with savings accounts and a diversified catalogue of eight loan products.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro industry

PRIMARYFSABAEAF

Cooperative Banks (Member-Owned Commercial/Retail)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAG

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAA

Community Credit Unions (Retail/Consumer Focus)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Savings and credit cooperative
• Microfinance lending
• Savings accounts
• Agricultural credit
• Cooperative financial services

Headquarters

HQ city

Tegucigalpa

HQ country

Honduras

HQ region

Latin America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Aportaciones (Member Share Contributions): Monthly or annual contributions made by members representing their ownership stake in the cooperative. Members deposit a minimum amount annually (L.600) or monthly (L.50). These form the cooperative's core capital base.
2. Savings Deposits: Members maintain savings accounts including retireable savings, Christmas savings, and small FINACOOP accounts for children, generating float income for the cooperative.
3. Fixed-Term Deposits: Fixed-term deposits (depósitos a plazo fijo) offered at competitive interest rates, also used as loan collateral, generating stable interest income.
4. Loan Interest Income: The cooperative offers eight types of loans (FINA-PYME, FINA-AUTO, FINA-VIVIENDA, FINA-MOTO, FINA-CONSUMO, FINA-MICROCRÉDITOS, FINA-AGRÍCOLA, FINA-AUTOMÁTICO) generating interest income as the primary revenue driver. Loans are secured by member shares, vehicles, property, or other guarantees.
5. Loan Processing and Administrative Fees: Fees charged for loan applications including a L.75 per-person charge for risk bureau inquiries. Contract documents for loans, savings, and deposits are available for download.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

COOPERATIVA FINACOOP is a Honduran savings and credit cooperative that provides accessible financial services to its members, including share/savings accounts (Cuenta de Aportaciones, Ahorro Retirable, Pequeños FINACOOP, Ahorro Navideño), fixed-term deposits, and eight distinct loan products (FINA-PYME, FINA-AUTO, FINA-VIVIENDA, FINA-MOTO, FINA-CONSUMO, FINA-MICROCRÉDITOS, FINA-AGRÍCOLA, FINA-AUTOMÁTICO). The cooperative also runs the annual Santa Cooperacho promotional sweepstakes to incentivize member savings.

Product overview

COOPERATIVA FINACOOP operates as a multi-product financial cooperative offering a comprehensive suite of savings and credit products. The product portfolio centers on four primary savings account types (Cuenta de Aportaciones for share participation, Cuenta de Ahorro Retirable for flexible access, Pequeños FINACOOP for children's savings, and FINA-Ahorro Navideño for seasonal saving), supplemented by fixed-term deposits. Credit offerings span eight distinct loan products under the FINA brand: FINA-PYME for microenterprises, FINA-AUTO for vehicle purchases, FINA-VIVIENDA for mortgages, FINA-MOTO for motorcycles, FINA-CONSUMO for personal needs, FINA-MICROCRÉDITOS for small-scale production, FINA-AGRÍCOLA for agricultural activities, and FINA-AUTOMÁTICO for automatic credit against share balances. The cooperative also runs promotional sweepstakes like Santa Cooperacho to incentivize saving behavior.

Differentiator

Problem solved

Functional benefit

Brands

• FINA-PYME: Financing product for microenterprise needs to promote entrepreneurship
• FINA-AUTO
• FINA-VIVIENDA
• FINA-MOTO
• FINA-CONSUMO
• FINA-MICROCRÉDITOS
• FINA-AGRÍCOLA
• FINA-AUTOMÁTICO
• FINA-Aportaciones
• FINA-Ahorro Retirable
• Pequeños FINACOOP
• FINA-Ahorro Navideño
• Depósitos a Plazo Fijo

Products and services

• Cuenta de Aportaciones Share account representing membership participation in FINACOOP. Members deposit monthly or annual values and gain access to all cooperative benefits while strengthening long-term equity.
• Cuenta de Ahorro Retirable Flexible savings account allowing unlimited withdrawals without penalties, providing immediate fund access while generating competitive interest rates.
• Pequeños FINACOOP Special savings account designed for children to learn financial responsibility and the value of saving from an early age, with parental or guardian account management.
• FINA-Ahorro Navideño Seasonal savings account allowing members to accumulate funds throughout the year for holiday expenses, with attractive interest rates and rewards for consistent saving.
• Depósitos a Plazo Fijo Fixed-term deposit offering competitive interest rates. Funds are deposited for a specified period with attractive yields, and can serve as loan collateral.
• FINA-PYME Microenterprise financing product supporting entrepreneurial development, requiring financial statements, business permits, and risk center consultation.
• FINA-AUTO Vehicle financing for first car purchase and other purposes with 100% share collateral guarantee.
• FINA-VIVIENDA Mortgage credit for housing needs including home improvement, lot purchase, construction on own land, and new home purchase.
• FINA-MOTO Motorcycle financing with favorable terms for purchase.
• FINA-CONSUMO Flexible personal loan for individual needs and unexpected expenses.
• FINA-MICROCRÉDITOS Credits for natural or legal persons financing small-scale production, commercialization, and services with competitive rates and flexible terms.
• FINA-AGRÍCOLA Credits for agricultural, livestock, and fishing activities with terms aligned to agricultural cycles and technical evaluation.
• FINA-AUTOMÁTICO Automatic credit for members with active shares, providing immediate solutions with competitive rates and no additional collateral required (up to 80% of total contribution balance).
• Santa Cooperacho Promotion Annual end-of-year promotional sweepstakes offering 61 prizes including quads, scooters, electric scooters, TVs, headphones, and speakers for participating account holders.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor and core.

• Universidad Tecnológica Hondureña (UTH)minorStrategic or Co-development Partner · 1 January 2025UTH (Universidad Tecnológica Hondureña) has a partnership with FINACOOP, as evidenced by the alliance logo displayed on the FINACOOP homepage. The nature of the partnership is not explicitly detailed but appears to be a cooperative education, branding, or mutual support arrangement.
• Cooperativa Cafetalera MarcalinaminorStrategic or Co-development Partner · 1 January 1996In 1996, FINACOOP purchased the loan portfolio of Cooperativa Cafetalera Marcalina as part of its expansion strategy, acquiring existing borrower relationships and opening branch offices in the process.
• La Unión de Cooperativas de Servicios de Horticultores Siguatepeque Ltda. (COHORSIL)coreStrategic or Co-development Partner · 1 January 1992One of the four founding members of FINACOOP. As a cooperative of horticulturist service providers based in Siguatepeque, COHORSIL represented the agricultural producer base that FINACOOP was established to serve. Its involvement anchored FINACOOP's mission in the agricultural cooperative sector from inception.
• Cooperativa Maya Occidental Ltda.coreStrategic or Co-development Partner · 1 January 1992One of the four founding members of FINACOOP. In 1996, FINACOOP established a purchase agreement to acquire Maya Occidental's loan portfolio, opening branch offices and beginning broader financing operations.
• Cooperativa Fruta del Sol Ltda.coreStrategic or Co-development Partner · 1 January 1992One of the four founding members of FINACOOP at its creation on December 28, 1992. Represented the fruit production and agricultural cooperative sector among FINACOOP's founding stakeholders.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Emerging players

• Banco Solidario (Ecuador): Ecuadorian microfinance bank providing credit and savings products to micro-entrepreneurs and small businesses across Ecuador. Comparable to FINACOOP as a Latin American microfinance institution serving similar underbanked customer segments with analogous credit and savings products focused on financial inclusion.

Broad incumbents

• Banco Agrícola (El Salvador): El Salvadoran commercial bank serving retail, SME, and corporate segments with a national branch network and digital channels. Comparable to FINACOOP as a Central American retail bank competing for deposits and SME/consumer lending, though at materially larger scale and broader product portfolio.
• Banco Atlántida: Largest commercial bank in Honduras offering consumer banking, mortgages, SME lending, and treasury services through a national branch network. Comparable to FINACOOP as a Honduras-based deposit-taking and lending institution serving retail and small business customers, though at materially larger scale and broader product scope.
• BAC Credomatic (Banco BAC Honduras): Regional commercial bank operating across Central America offering retail, SME, and corporate banking services with a strong digital channel footprint. Comparable to FINACOOP as a Honduras-based bank competing for retail and small business deposits and loans, though with significantly larger scale and digital maturity.
• Grupo Ficohsa (Banco Ficohsa Honduras): Pan-Central American financial group offering banking, insurance, and pension services via Banco Ficohsa in Honduras with a nationwide retail and SME franchise. Comparable to FINACOOP as a Honduras-based bank competing for the same retail/SME deposits and loans, though with a far larger balance sheet and product breadth.

Regional players

• Banco de Occidente (Honduras): Honduran commercial bank serving retail and corporate customers with deposit, lending, and treasury products across multiple Honduran regions. Comparable to FINACOOP as a Honduras-based bank with retail and SME lending presence in the same geographic markets where FINACOOP operates branches.
• Mi Banco (Panamá): Panamanian microfinance bank providing credit, savings, and financial services to micro-entrepreneurs and underserved communities in Panama. Comparable to FINACOOP as a Central American microfinance institution serving similar customer segments (micro-entrepreneurs, small producers) with similar microcredit, agricultural, and savings products.
• Caja de Ahorros (Panamá): Panamanian state-owned savings institution offering deposit accounts, consumer and mortgage loans, and financial services to retail and small business customers. Comparable to FINACOOP as a savings-oriented financial institution with analogous deposit and credit products serving retail and small business customers in a Central American market.

Direct peers

• BANHCÁFE (Banco Hondureño del Café): Honduran financial institution with origins in the coffee cooperative sector, providing savings, credit, and trade finance to agricultural producers and cooperatives. Directly comparable to FINACOOP as a Honduras-rooted, cooperative-affiliated bank serving agricultural and retail members with similar deposit and loan products.
• Compartamos Banco (México): Mexican microfinance bank serving low-income individuals, micro-entrepreneurs, and rural communities with credit, savings, and insurance products. Comparable to FINACOOP as a Latin American financial inclusion institution targeting micro-entrepreneurs and smallholder producers with analogous credit products (microcredit, agricultural loans, consumer credit, savings accounts).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FINACOOPmicooperativa
• LinkedInlinkedin.com/company/cooperativa-finacoop

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 COOPERATIVA FINACOOP