cooperativa de servicios multiples de mogotes - servimcoop

What cooperativa de servicios multiples de mogotes - servimcoop does

Servimcoop (Cooperativa de Servicios Multiples de Mogotes Ltda) is a Colombian specialized savings and credit cooperative headquartered in Mogotes, Santander, founded in 1950 and operating under the solidary economy framework. The cooperative serves 29,359 associated members (as of August 2023) across 9 offices in the Santander and Boyacá departments, offering a unified portfolio of 12 financial products organized into savings (Servialiado, Servicrecer, CDAT Amigo, Servimtac) and credit lines (Servilibre, Serviempresarial, Serviagro, Serviaportes, Serviprofesional, Serviamigo, Servirotativo, Servitecnología), plus a children's sub-brand (Raficuenta, Servijunior, Servimtac Junior). Its core technology infrastructure comprises the Portal Transaccional (Red Coopcentral), the Red Coopcentral mobile app for Android and iOS, the BRE-B instant payment system integration, and a real-time network connecting 8 of its 9 offices, with the technology platform shared across the Red Coopcentral network of affiliated cooperatives.

The cooperative earns revenue through a traditional spread-based model: it collects deposits from members (sight accounts, term CDATs, programmed savings) and lends them out through diversified credit lines, generating net interest income. The total loan portfolio stood at COP $80.3 billion in August 2023 against savings deposits of COP $71.5 billion and social contributions of COP $9.7 billion, with total assets of COP $90.75 billion. Members pay social contributions (minimum 4% of the monthly minimum wage) as risk capital, which do not earn interest. The cooperative is supervised by the Superintendencia de la Economía Solidaria and insured by FOGACOOP (up to COP $12M per depositor). Digital channels (Portal Transaccional, App Red Coopcentral, BBVA Zonapagos, Servibanca Efectivo Ya) and community-led GTM (JAC meetings, farmers' markets, financial education podcasts) drive member acquisition. The cooperative is owned collectively by its associates, has no external investors or parent company, and is led by General Manager Aura Elisa Becerra Vergara.

Name

cooperativa de servicios multiples de mogotes - servimcoop

Legal name

Cooperativa de Servicios Múltiples de Mogotes Ltda (SERVIMCOOP)

Website

https://servimcoop.com

Company type

Private

Founded year

1950

Operating status

Operating

Short description

Servimcoop is a Colombian savings and credit cooperative serving 29,359 members across 9 offices in Santander and Boyacá with savings accounts, credit lines, and digital banking through the Red Coopcentral network.

Ownership category

akta.pro rank

Product category

Cooperative Banking (Savings and Credit)

NAICS

Credit Unions (522130), Credit Unions (52213)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industry

Microfinance & Community P2P Lending (FSAKAHAD)

Keywords

• Savings and credit cooperative
• Cooperative financial services
• Member savings accounts
• Agricultural credit lines
• Rural financial inclusion

Headquarters

HQ city

Mogotes

HQ country

Colombia

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Savings deposits (passive): Servimcoop collects savings deposits from its 29,359 associated members across multiple savings products including sight deposits (Servialiado, Servicrecer), term deposits (CDAT Amigo), and contractual savings (Servimtac). These deposits form the primary funding source for the cooperative's lending operations.
2. Credit interest income (active): The cooperative earns interest income by lending to associated members through multiple credit lines including Servilibre (free investment), Serviempresarial (business), Serviagro (agricultural), Serviprofesional (education), Serviaportes (social contributions-backed), Serviamigo (CDAT-backed), Servirotativo (revolving credit), and Servitecnología (technology purchases). Interest rates are applied at prevailing rates at the time of disbursement.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Servimcoop is a specialized savings and credit cooperative that provides financial services exclusively to its associated members in the Santander and Boyaca departments of Colombia. It offers a portfolio of savings products (on-demand accounts, term deposits, contractual savings) and credit lines (personal consumption, business, agricultural, educational, social-contribution-backed, CDAT-backed, revolving, and technology purchase credit), delivered through 9 physical branches connected in real-time, a transactional web portal, and the Red Coopcentral mobile app.

Product overview

Servimcoop is a specialized savings and credit cooperative (Cooperativa Especializada de Ahorro y Crédito) offering a unified portfolio of financial products and digital services. Its core offering is organized into two main lines: savings products (on-demand accounts, term deposits, and contractual savings) and credit products (personal, business, agricultural, professional, and revolving credit). The portfolio comprises 12 named financial products — Servialiado, Servicrecer, CDAT Amigo, and Servimtac (savings); and Servilibre, Serviempresarial, Serviagro, Serviaportes, Serviprofesional, Serviamigo, Servirotativo, and Servitecnología (credit). An additional three products serve the children's segment via the Zona Infantil sub-brand (Raficuenta, Servijunior, Servimtac Junior). Digital service delivery is centralized through the Portal Transaccional and App Red Coopcentral, which connect to the Red Coopcentral inter-cooperative network. The cooperative's 8 branch offices provide in-person service across the Santander and Boyacá departments of Colombia.

Differentiator

Problem solved

Functional benefit

Brands

• Serviaventureros: Children's savings zone under Servimcoop targeting minors (0-17 years old), with products including Raficuenta, Servijunior, and Servimtac Junior.
• Rafico

Products and services

• Servilibre Line of credit for free investment enabling associates to obtain funds for consumption, service payments, expenses, unforeseen events, domestic emergencies, travel, or any desired investment type. Terms up to 60 months with personal guarantee or 84 months with acceptable guarantee.
• Serviempresarial Credit product for natural or legal persons aimed at promoting micro, small, and medium enterprises (famiempresa), for investment needs, working capital, or business capitalization. Terms up to 60 months with personal guarantee or 84 months with acceptable guarantee.
• Serviagro Credit product directed at natural persons for promotion of agricultural and livestock production and related activities, to partially or fully satisfy investment or working capital needs.
• Serviaportes Credit operation allowing associates to obtain funds for free investment based on the value of their social contributions (aportes sociales), at a very low interest rate. Terms up to 36 months with monthly amortization.
• Serviprofesional Credit line enabling associates to obtain funds for higher education studies at technological, undergraduate, and postgraduate levels. Finances up to 100% of study-related costs.
• Serviamigo Credit product for associates targeting consumption, investment, working capital, or business capitalization. Loan amount up to 90% of CDAT value, with terms up to 36 months or single payment at CDAT maturity.
• Servirotativo Revolving credit limit for debit card holders, usable for any type of activity (consumption or investment). Maximum amount up to COP $8.0 million, with term up to 48 months. Accessible at entity offices, ATMs, or affiliated cooperative offices.
• Servitecnologia Credit line for the purchase of technology equipment and related items, included in the product portfolio.
• Servialiado On-demand savings account providing immediate availability of funds through offices, allied ATMs, booklet, or debit card. Monthly interest recognition on average balance. No minimum balance required.
• Servicrecer On-demand savings account offering immediate availability of funds at offices and allied ATM network. Interest accrues daily on balance, credited via booklet or debit card.
• CDAT Amigo Term savings product (Certificado de Deposito de Ahorro a Termino) with contracted maturity and competitive interest rate. Minimum opening from half the minimum legal monthly salary; term from one month onward. Cooperative assumes the 4x1000 financial movements tax upon maturity and withdrawal.
• Servimtac Contractual (programmed) savings product where the associate commits to a monthly installment over a determined term to achieve a savings goal for specific needs such as education, housing, or vacations. Term from 6 to 60 months.
• Raficuenta Savings account for children aged 0-11 years, designed to incentivize the savings habit from an early age and initiate construction of their future. Immediate fund availability with monthly interest on average balance.
• Servijunior On-demand savings account for young people aged 12-17, enabling them to learn proper money management and value the savings habit. First booklet provided free of charge.
• Servimtac Junior Contractual savings account for children and youth aged 0-17 years, designed to foster savings culture by setting a goal within a determined time frame. Minimum opening value; term from 6 to 60 months.
• Portal Transaccional Virtual transactional platform enabling associates to perform monetary and non-monetary transactions over the internet including interbank transfers, service payments, balance inquiries, and cash withdrawals via Efectivo Ya code at Servibanca ATMs. Accessible 24/7 with two-factor authentication.
• App Red Coopcentral Mobile application (Android and iOS) enabling Servimcoop associates to perform financial transactions, balance inquiries, and key (llave) registration for the BRE-B instant payment system. Integrated within the Red Coopcentral cooperative network.

Quantifiable outcome

• Total assets of COP $90.7 billion with 2.0% year-over-year growth (August 2023)
• +4 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FOGACOOP (Fondo de Garantías de Entidades Cooperativas)coreOthersServimcoop is inscribed with FOGACOOP, a state-level entity that administers the deposit insurance fund for cooperative financial entities. FOGACOOP provides deposit insurance coverage of up to $12,000,000 COP per depositor, protecting savings held in deposit accounts (traditional savings, juvenile accounts, Servicrecer, term CDs, contractual savings). This is a mandatory regulatory partnership required for operating as a savings and credit cooperative.
• Superintendencia de la Economía SolidariacoreOthersThe Colombian government has designated the Superintendencia de la Economía Solidaria as the supervisory body for Servimcoop. The cooperative submits monthly regulatory reports to the Superintendent and operates under its regulatory framework. This is the primary regulatory oversight relationship required for all Colombian solidary economy entities.
• Red Coopcentral (Coopcentral)coreTechnology or IntegrationServimcoop is affiliated with Red Coopcentral, a cooperative financial network. Through this partnership, Servimcoop provides a mobile app (Red Coopcentral), a transactional portal, and enables inter-cooperative transfers and services. Members can access services at any of the affiliated cooperatives in the network. The Red Coopcentral app enables BRE-B instant payment system registration and use.
• CEUS - Centro de Experiencia de Usuario SolidariominorStrategic or Co-development PartnerServimcoop participates in CEUS (Centro de Experiencia de Usuario Solidario), an initiative of Red Coopcentral focused on user experience for cooperative financial services. The CEUS banner is displayed on Servimcoop's website providing accessibility features including high contrast, text resizing, and standard letter options.
• Banco Cooperativo CoopcentralcoreChannel Partner/ Reseller/ DistributorThrough the transactional portal, members can make purchases and online payments for public services, mobile phone, and airline tickets via Banco Cooperativo Coopcentral. The cooperative banking channel facilitates fund transfers and payment processing for Servimcoop members.
• BBVA / ZonapagosminorChannel Partner/ Reseller/ DistributorServimcoop offers online payment services through BBVA's Zonapagos platform (zonapagos.com), allowing members to make payments online. This serves as a payment channel for loan payments and other financial obligations.

Scale indicators11 records

Recent moves17 records

Expansion highlights6 records

Direct peers

• Banco Cooperativo Coopcentral: The central banking arm of the Red Coopcentral network that Servimcoop belongs to; provides inter-cooperative settlement, transactional infrastructure, and shared services to affiliated cooperatives. Direct network peer and operational backbone.
• Confiar Cooperativa Financiera: A Colombian cooperative financial institution offering savings, credit, and financial services to members — directly comparable business model, member-owned structure, and product portfolio to Servimcoop, though operating at larger scale nationally.
• Cotrafa Cooperativa Financiera: Colombian financial cooperative serving primarily rural and agricultural members with savings and credit products, closely aligned to Servimcoop's agricultural lending (Serviagro) and rural Santander/Boyacá positioning.
• Cooperativa Minuto de Dios: Large Colombian multi-service cooperative offering savings, credit, and social services to members; comparable cooperative identity, member-driven model, and broad product portfolio akin to Servimcoop.
• Bancamia: Colombian microfinance institution focused on microenterprise and small-business lending to underserved populations — directly comparable to Servimcoop's Serviempresarial and Servilibre credit lines targeting famiempresas and low-income members.
• Banco W: Colombian microfinance bank serving rural and small-business borrowers; comparable product set (microcredit, savings) and similar target segments to Servimcoop's rural Santander/Boyacá membership.

Broad incumbents

• Banco Agrario de Colombia: State-owned Colombian bank focused on agricultural and rural lending; comparable customer base (rural agricultural producers) and overlap with Servimcoop's Serviagro portfolio, though operating as a full-service commercial bank at much larger scale.
• Banco Caja Social: Colombian bank with cooperative origins offering savings and credit products to mass-market and SMB customers; comparable cooperative-rooted identity and member/customer focus, though operates at materially larger scale as a commercial bank.
• Davivienda: One of Colombia's largest commercial banks with broad rural, SMB, and consumer banking presence; competes with Servimcoop for deposits and small-business credit in Santander/Boyacá and offers similar savings products at national scale.

Regional players

• Cooperativa de Ahorro y Crédito de Boyacá: Regional savings and credit cooperative operating in the Boyacá department where Servimcoop has four offices; comparable cooperative model and product set with direct geographic overlap in Boyacá.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/servimcoop
• YouTubeyoutube.com/channel/UCH7pnQsL15d7oBHhsK0BhHg/videos
• Facebookfacebook.com/servimcoop
• Instagraminstagram.com/servimcoop_
• LinkedInlinkedin.com/company/servimcoop

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 de servicios multiples de mogotes - servimcoop