Overview:
The Rural Microfinance Development Center Ltd. (RMDC) provides loans to microfinance institutions (MFIs) and institutions that support MFIs in Nepal.

Description:
The Rural Microfinance Development Center Ltd. (RMDC) is a wholesale lending organization located in Nepal that lends to microfinance institutions (MFIs) and institutions that support MFIs. Its main promoters and shareholders are the Nepal Rastra Bank (NRB) – the Nepalese central bank, 13 commercial banks, 5 regional rural development banks, the Deposit Insurance and Credit Guarantee Corporation of Nepal, and Nirdhan Utthan Bank Ltd (a microfinance bank).

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/rmdc

Organization’s Website:
http://www.rmdcnepal.com/front/index.php

Just the Facts:
Country of Incorporation: Nepal
Year Founded: 1998
Legal Status: Public Limited Company
Fund Assets allocated to MFI investment (as of day/month/year): NRP 4.0 billion (USD 53.9 million as of 15/July/2009)
Number of MFI Investments (as of day/month/year): 79 (as of 15/July/2009)
Area of Operation: Nepal
Instruments: Loans and Debt Securities
Fund Currency: NRP

Contact Information:
Rural Microfinance Development Centre Ltd.
Putalisadak, Kathmandu, Nepal
P.O. Box 20789

Tel.:+977 01 4268019/4268020
Fax : +977 01 4247702
Email:rmdc@wlink.com.np

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Additional Resources:
Latest news from RMDC
http://www.rmdcnepal.com/front/index.php

Link to Microcapital Universe wiki page
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Rural+Microfinance+Development+Center+Ltd.+%28RMDC%29

Authored by Kenny Kline, Research Associate