Savings and credit cooperatives (COOPAC) are ideal instruments to achieve financial inclusion for many inadequately served sectors of the population, providing them with access to financial and social services.
In this regard, FENACREP continues to provide tools, training, and effective and applicable methodologies to COOPACs, enabling them to offer financial services and advisory support to a greater number of people, serving as a lever for development and improvement.
FENACREP designs a series of programs, courses, seminars, virtual classrooms, and methodological and didactic resources, intensive in content and technology, exclusively for the cooperative sector, resulting from more than 60 years of experience in the sector and from alliances signed with international cooperative and educational leaders.
COOPACs are the only type of financial institution that include within their organizational structure a body such as the “Education Committee,” dedicated to the training of their members and directors, thereby promoting access to quality education and learning.
Likewise, cooperatives also enable greater access to education for their members, either by financing them directly or through the cooperative services provided, which contribute to increasing household income, thus covering expenses for basic or higher education.
FENACREP is committed to promoting equal access for men and women to assume responsibilities and representation within the cooperative sector, helping to reduce existing opportunity gaps, in line with the fulfillment of the cooperative value of “equality.”
Gender inequalities in areas such as literacy, ownership, and access to credit and information are factors that limit women’s participation in cooperatives.
Savings and credit cooperatives must continue to promote access to financing for initiatives or ventures that encourage the use of renewable energy and represent a path toward more inclusive economies with low carbon emissions.
FENACREP enters into alliances with multilateral organizations of international scope in order to provide information, business roundtables, financing, and methodologies for the development of green finance by cooperatives.
To achieve its institutional and strategic objectives, including providing COOPACs with tools and knowledge in various vital fields for improved performance, FENACREP establishes agreements and alliances with prestigious international cooperative, private, and multilateral entities, such as the World Council of Credit Unions (WOCCU – USA), the Inter-American Development Bank (IDB – USA), the Cooperative Credit Bank Cassa Padana (Italy), the German Cooperative and Raiffeisen Confederation (DGRV – Germany), Development International Desjardins (Canada), PricewaterhouseCoopers (PWC – USA), among others.