BESALA

BESALA is a non-stock, non-profit corporation engaged in the business of accumulating the savings of its members and using these accumulations for loans to its members and has been in operation since August 31, 1989. BESALA services the financial needs of its members by providing short-term and medium-term loans. It is authorized to engage in the operation of a non-stock savings and loan association under R.A. 8367, otherwise known as the "Savings and Loan Association Act". It encourages frugality, extends loans to, and distributes its earnings to its members in the form of dividends.