Bolivian Money: Credit Unions in Bolivia

Bolivian "cooperativas de crédito" can be found all over the country, even in small towns where banks have not placed full bank branches.

Most cooperativas are connected to the ATM network in the country and function nearly the same as banks. However, their interest rates are higher for both deposits and loans as they typically extend credit to people who may not otherwise qualify for credit at large banks.

Just be aware of the difference between a utilities coop (water, electricity) and a credit coop (cooperativa de crédito). There are many types of cooperativas (artisans coops, farmers coops, and coops for other industries like mining) in Bolivia.

Below I've listed three of the country's largest: Jesus Nazareno, El Buen Samaritano, and San Martín de Porres. There are many others, but these have offices in many parts of Bolivia whereas most others tend to be local. However, you can also look for names such as Gran Grigotá, Intercoop, La Merced, Fátima, San Gabriel, San Luis and many others.

COOPERATIVA JESUS NAZARENO

www.jesus-nazareno.coop
Located in Santa Cruz, Guayaramerín, Puerto Suárez, Camiri, Riberalta, Montero and Cobija.

COOPERATIVA SAN MARTIN DE PORRES

www.coopsanmartin.com
Located in Santa Cruz, Montero, Camniri, Roboré, San Ignacio de Velasco, San José de Chiquitos, Villamontes, Monteagudo, and Yacuiba.

COOPERATIVA EL BUEN SAMARITANO

http://www.coopsamaritano.com.bo/historia.htm
Located in Santa Cruz, La Paz, El Alto, Cochabamba, Sucre, and Tarija.

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