Original disclosure @ IFC website
Updated in EWS Jun 19, 2019
Disclosed by Bank May 22, 2019
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According to the bank website, the proposed project involves a debt investment in RMDC Laghubitta Bittiya Sanstha Limited (“RMDC” or the “Bank”, formerly known as Rural Microfinance Development Centre), a wholesale lending organization registered as a class ‘D’ financial institution in Nepal that commenced its lending operations from January 2000. Along with loans, RMDC also extends institutional capacity building support to its micro finance institutions (MFI) Partner Organizations- which include micro finance development banks (MFDBs), financial-intermediary NGOs (FINGOs) and savings and credit cooperatives (SACCOs).IFC’s proposed investment will help the company to expand lending to MFIs focusing on underserved regions and population segments in Nepal, including to Very Small Enterprises (VSEs).
RMDC Laghubitta Bittiya Sanstha Ltd.
Mr. Jyoti Chandra Ojha, CEO
P.O.Box : 20789
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