The Eleventh Annual General Meeting of RMDC was held smoothly and successfully on December 4, 2009 at The Everest Hotel, New Baneshwor, Kathmandu. The meeting approved the report presented by the Chairman Mr. Ashoke Shumsher Rana on behalf of the Board of Directors and the financial statements of the fiscal year 2065-066. In the fiscal year 2065-066, the Centre has earned operating profit of Rs. 92.97 million.

At the present, including reserve and surplus, the total capital fund of the Centre is Rs. 716.8 million. The AGM decided to increase the authorized capital of Rs.640 million to Rs. 1,000 million and issued & paid up capital of Rs. 320 million to Rs. 520 million by issuing share to general public and domestic and foreign institutional investors. With the increment in the issued & paid up capital, the Centre's total capital fund including reserves and surplus will reach around 917 million.

Till the end of the fiscal year 2065-066, the Centre has approved loan amounting of Rs. 4,032.2 million and disbursed Rs.  3,313.9 to 79 MFIs. The Centre has maintained 100% repayment of its loan dues (both principal and interest) on time from its partner organizations in eleven years of its operation without any overdue loan and has also been able to earn profit from the first year. Till mid July 2009, the Centre provided microfinance services to 800 thousand poor & deprived families, through its partner MFIs. On the occasion the chairman Mr. Rana said that the Centre has targeted to reach out additional 150,000 poor & deprived families in the current fiscal year. The Centre has also initiated micro enterprise loans to graduated clients of MFIs and to other individual micro entrepreneur clients of savings and credit cooperatives.

Till the end of the fiscal year, the Centre has provided training to 11,835 staff and officials of microfinance institutions on microfinance operation, accounting, financial analysis, delinquency management, credit appraisal, organization management etc. It has also provided training support to 424,258 clients of its partner organizations with a view to enhance their organizational, leadership and income generating capacity. The microfinance operators are helping the borrowers to generate self-employment to the poor & deprived families by providing loan without collateral. The repayment rate of the Centre's partner organization is maintained around 99%. This shows that poor are also bankable and credible.

Although, there is a high growth in the number of Microfinance Institutions in Nepal in the decade of 2000, the access of microfinance services in the hills and remote areas of the country is very limited. In order to promote microfinance service in such areas, the Centre has started sending field teams to identify potential MFIs and appraise & approve the loans onsite. The Centre has also a soft loan scheme of up to Rs. 1 million @ 2% interest rate to the microfinance institutions or their branch operating in such areas. At present the Centre has identified nineteen districts namely Achham, Bajhang, Bajura, Bhojpur, Darchula, Dolpa, Humla, Jajarkot, Jumla, kalikot, khotang, Manang, Mugu, Mustang, Okhaldhunga, Sankhuwasabha, Solukhumbu, Taplejung and Tehrathum for this purpose.