MFI Report

Nepal Rural Development Society Centre (NRDSC) is a non-governmental and non-profit making organization registered under social service act, 2034 in Morang District of Nepal. The registered code no. of this service-oriented organization is 322. NRDSC came into existence in October 1993 with establishment of central office at Biratnagar in eastern region of Nepal and is affiliated to social welfare council (SWC), Nepal on January 1994. Its code no. is 1484. Permission has been given to NRDSC from Nepal Rastra Bank (Central Bank of Nepal) to play the role of Financial Intermediaries. The permission np. is 2/056/57. Since the emergence of NRDSC, it has been primarily concentrating on the mobilization of locally available resources with the help of public participation for creating better opportunities to down trodden people of society by initiating multy-prolonged activities. Challenges: a) National Security problem, b) Unhealthy copetition among MFI's, c) High inflation rate, d) High interest rate and small loan size, e) Risk of default in extending credit without tangible collateral security. Hide