Table of Contents
- 1 The last thing that was known about the Cooperativa de los Andes is that the agent in charge of the process presented a proposal to the National Federation of Coffee Growers (FNC) to reach a payment arrangement…
- 2 What percentage of progress is the agreement between creditors?
- 3 Is there already an opening date?
- 4 Now talking about Copservir, administrator of La Rebaja, what have you found in the intervention process?
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Since he arrived at the Superintendency of Solidarity Economy, a little over a year ago, The main goal that María José Navarro set for herself was to recover the cooperatives that are in sanctioning or intervention processes.
With this in mind, in dialogue with EL COLOMBIANO, the official announced that the recovery process of the Andes Coffee Growers Cooperative —which recorded losses of over $44,000 million— is on the right track and, by 2025, it would reopen its doors.
He also gave details about the intervention of Copservir, administrator of Drogas La Rebaja. Among the findings are commercial and labor irregularities, such as some exorbitant salaries of senior managers; anomalies in premises leases, and cost overruns in contracts with suppliers, which made the final prices of the pharmaceutical products marketed under the brand higher.
The last thing that was known about the Cooperativa de los Andes is that the agent in charge of the process presented a proposal to the National Federation of Coffee Growers (FNC) to reach a payment arrangement…
“Los Andes is in a debt negotiation process, that is, under an intervention measure to liquidate. When I arrived at Supersolidaria I found myself with a paralyzed intervention because it had not been possible to have a favorable space for negotiation with creditors.
But today that is advancing, especially with its main creditor, which is the National Federation of Coffee Growers, and from the Superintendency we are as guarantors at that table. The Federation is committed to supporting the negotiation with the other creditors, which are financial entities such as Bancolombia, Davivienda or Confiar. What we need most is for there to be an agreement so that, on our part, we can return the cooperative to an intervention measure to manage, which allows us to open its doors again and continue managing it from the figure of the special agent.”
What percentage of progress is the agreement between creditors?
“We can say that we are 80% complete. I really want to leave the Superintendency with the Andes Cooperative reactivated, that has been one of my main objectives since I arrived.”
Is there already an opening date?
“I can’t give you exact dates, but The goal is that next year we can conclude the process.”
Now talking about Copservir, administrator of La Rebaja, what have you found in the intervention process?
Now talking about Copservir, administrator of La Rebaja, what have you found in the intervention process?
“One of the main findings is that yes there were poor administrative management, and that must be said. The cooperative had been decreasing its sales, but increasing its administrative expenses in commissions and fees, with managers with extremely high salaries for the moment. In addition, we found cost overruns of around 20% in contracts for some medications with suppliers.
Likewise, in the leases of the nearly 1,000 commercial establishments we also found irregularities, not only related to cost overruns, but rather that they were being used for other businesses that were not, precisely, the marketing of medicines.
We are currently looking at how we normalize the co-op contract status; That is, defining if we do another one, or if it definitely has to look for another niche or main social object.”
Sure, I can help you with that! Here’s a sample interview with two guests, María José Navarro and María Camila Vélez, about the recovery process of the Andes Coffee Growers Cooperative and the intervention of Copservir, administrator of Drogas La Rebaja:
Interviewer: Good morning, María José and María Camila. Thank you for joining us today. To start off, can you tell our viewers a little about your respective roles in the Superintendency of Solidarity Economy and Copservir?
María José Navarro: Of course. I’m María José Navarro, the special agent in charge of the Superintendency of Solidarity Economy. My main responsibility is to oversee the recovery and management of cooperatives that are in sanctioning or intervention processes, including the Andes Coffee Growers Cooperative.
María Camila Vélez: And I’m María Camila Vélez, the agent in charge of the intervention process at Copservir, the administrator of Drogas La Rebaja. My role is to identify and address any irregularities or issues related to the management and operations of the cooperative.
Interviewer: Great. Let’s start with the Andes Coffee Growers Cooperative. What were some of the major findings when you took over as the special agent in charge?
María José Navarro: When I arrived at the Superintendency of Solidarity Economy, I found that the Andes Coffee Growers Cooperative was in a state of paralysis due to a lack of negotiation with their creditors. Our primary goal has been to reach an agreement with these creditors to ensure a smooth debt restructuring process.
María Camila Vélez: The last we heard, the agent in charge of the process presented a proposal to the National Federation of Coffee Growers to reach a payment arrangement. Can you update us on the progress of that negotiation?
María José Navarro: We are currently 80% complete with the agreement between creditors. Our ultimate goal is to conclude the process by next year and reopen the doors of the cooperative.
Interviewer: That’s good news. Can you tell us about the types of negotiations
