Confederación Latinoamericana de Cooperativas de Ahorro y Crédito
International cooperative development organization founded in 1970 to strengthen the savings and credit cooperative sector in Latin America and the Caribbean.
Last updated September 15, 2026
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Overview
The Confederación Latinoamericana de Cooperativas de Ahorro y Crédito (COLAC) is an international cooperative development organization founded on 28 August 1970 with the purpose of strengthening the savings and credit cooperative sector in Latin America and the Caribbean. Its headquarters are in Panama City, where it is recognized as an International Mission by the Ministry of Foreign Affairs of the Republic of Panama and as an International Integration Organization and Auxiliary Entity of Cooperativism by the Panamanian Autonomous Cooperative Institute (IPACOOP). Internationally, it holds NGO consultative status, Category 1, granted by the United Nations Economic and Social Council, and is a Supporting Institution of the United Nations Environment Programme Finance Initiative (UNEP FI). Its value offering includes representation and integration of the savings and credit cooperative and mutual sector, education and training, specialized technical assistance, and financial services and fiduciary management through a subsidiary.
History
COLAC was founded on 28 August 1970 as an international cooperative development organization with the purpose of strengthening the Latin American savings and credit cooperative sector, representing and integrating the financial cooperative sector. Its headquarters are in Panama City, where it is recognized as an International Mission by the Ministry of Foreign Affairs of the Republic of Panama and as an International Integration Organization and Auxiliary Entity of Cooperativism by the Panamanian Autonomous Cooperative Institute (IPACOOP). Internationally, it holds NGO consultative status, Category 1, granted by the United Nations Economic and Social Council, and is a Supporting Institution of the United Nations Environment Programme Finance Initiative (UNEP FI). As of its official website, it states 55 years of strengthening cooperatives with innovative solutions and specialized assistance.
Products and positioning
International cooperative development organization and strategic node for the Latin American and Caribbean savings and credit cooperative sector.
Product categories. Representation and integration of the savings and credit cooperative and mutual sector · Education and training for cooperative and mutual human, directive, managerial and technical resources · Specialized technical assistance in governance, financial management, risk management, innovation and technology, and sustainable finance · Financial services (savings mobilization and asset administration) and fiduciary management through a subsidiary
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