Rural Microfinance Development Centre Ltd
Financial Services - Ballarat, Victoria, Australia
Rural Microfinance Development Centre Ltd Employees
Rural Microfinance Development Centre Ltd Details
The RMDC Laghubitta Bittiya Sanstha Ltd. (Previously, "Rural Microfinance Development Centre Ltd.") is a wholesale lending organization in Nepal. It was registered on 30 October 1998 under the then ‘Company Act, 1996' as a public limited company with the mandate to operate as a wholesale lending organization within the framework of the then ‘Development Bank Act, 1995'. RMDC was reregistered under the current unified banking law, the ‘Bank and Financial Institution Act (BFIA), 2006' as a class ‘D' financial institution. RMDC commenced its lending operation from January 2000. The main function of RMDC is wholesale lending to MFIs. Besides, it has been extending institutional capacity building supports to MFIs. Currently, RMDC is one of the prominent wholesale lending organizations for MFIs in the country. Its partners' outreach shares nearly 70% of the entire microfinance industry's business in the country.
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