Striving for Sufficiency

Striving for Sufficiency

Since its inception in 1966, BAAC under the leadership of Chumnien Saranaga, the first President, has dedicated to rural development. BAAC has a strong foundation in rural finance which is in line with the Sufficiency Economy which makes BAAC operations stable and secured for decades. BAAC emphasizes on resolution of informal debts of its clients

Since its inception in 1966, BAAC under the leadership of Chumnien Saranaga, the first President, has dedicated to rural development. BAAC has a strong foundation in rural finance which is in line with the Sufficiency Economy which makes BAAC operations stable and secured for decades. BAAC emphasizes on resolution of informal debts of its clients farmers by providing loans guaranteed by groups of people. Moreover, BAAC assisted its farmer clients in establishing Farmer Institutions in order to help the poor and small scale farmers improve their quality of life by adopting and applying the principles of Sufficiency Economy philosophy so that they can live a happy life and can rely on themselves.

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