Money in Cooperas.
I am considering moving to Cuenca because of the low cost and lifestyle, but I need to complement my income by investing funds in one of the local Savings and Loans institutions called "Cooperas" there, which advertise a 10.5% annual interest yield. What I want to know is:
1- If you have invested in a Coopera, what has been your experience?
2-Any experience in taking out your money from Ecuador and the enforcement of the 5% tax imposed? Any way to avoid it on whatever amount you take out at a given time?
On this last item, I am not happy about investing my money in the country and then losing %5 if I want to take it out of Ecuador.
Would appreciate any detailed, coherent information/advise on these two subjects. Thanks, Rolf in Florida.