RMDC
Sector: Manufacturing (Industrial) • Location: Nepal
Source: International Finance Corporation (IFC)
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%)
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | 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. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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