active · Livelihoods
RMDC Project
IFC proposes to invest up to 10% in Rural Microfinance Development centre Ltd (RMDC), an apex microfinance wholesale lending institution in Nepal with over 79 microfinance institutions (MFIs) as its clients. RMDC was established in 1998 with the support of the Nepal Rastra Bank (NRB), the central bank of Nepal, and the Asian Development Bank (ADB), with majority stake held by NRB (26%) and 13 commercial banks (67%). RMDC has been playing a promotional and developmental role in the microfinance sector since its inception. RMDC has a primary objective of increasing the number of retail MFIs by identifying potential institutions across the country and assisting them to become quality MFIs by providing intensive training and technical support, along with loan funds for on-lending to individual microfinance borrowers.
Overview
About this project
IFC proposes to invest up to 10% in Rural Microfinance Development centre Ltd (RMDC), an apex microfinance wholesale lending institution in Nepal with over 79 microfinance institutions (MFIs) as its clients. RMDC was established in 1998 with the support of the Nepal Rastra Bank (NRB), the central bank of Nepal, and the Asian Development Bank (ADB), with majority stake held by NRB (26%) and 13 commercial banks (67%). RMDC has been playing a promotional and developmental role in the microfinance sector since its inception. RMDC has a primary objective of increasing the number of retail MFIs by identifying potential institutions across the country and assisting them to become quality MFIs by providing intensive training and technical support, along with loan funds for on-lending to individual microfinance borrowers.
Progress
0%- Plan
- Implementation
- Outcomes
Alignment