Basud Development Cooperative


Established in 1967, the organization has evolved from its humble beginnings with just 25 members and a paid-up capital of P180.00 to become a leading cooperative in the province of Camarines Norte. With over 5,360 members and a capital exceeding P23 million, the firm has solidified its position as a pivotal community-based financial institution. As of December 31, 2006, its assets reached an impressive P111,007,301.24, reflecting its commitment to nurturing the financial well-being of its constituency. Initially open only to salaried employees, the cooperative has broadened its scope to include marginalized sectors, particularly farmers and agricultural workers, thus fulfilling its role in promoting inclusive economic growth.

The cooperative's core offerings center around loans and savings programs tailored to meet the needs of its diverse membership. By providing accessible financial services, the organization plays a crucial part in uplifting communities, fostering economic empowerment, and enhancing financial literacy. Its innovative approach leverages cooperative principles that prioritize member welfare and community development, helping individuals achieve their financial goals. For more information, visit their website at badevco.ifastnet.com or contact them directly at +63 (54) 443-1144.

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