The ADB funded Rural Microfinance Project has ended successfully on June 30th, 2007. The Rural Microfinance Development Centre Ltd. (RMDC) was the principal implementing agency of the Project. The project commenced in May 1999, with the prime objective of improving the socioeconomic statue of poor women and increase employment by improving their access to financial services and microenterprise development, primarily through the provision of a revolving line of credit to finance farm and off farm economic activities.
The Project has been successful in establishing RMDC, as a national apex wholesale of microfinance fully geared towards professionalism and sound financial system, which has been able to provide appropriate microfinance services to over 500,000 poor families through its 58 partner microfinance institutions during the Project period. Of the partner organizations, over 45 institutions have been promoted from scratch by the intensive technical supports of RMDC. RMDC's partner organizations have been appreciated by most national and international organizations particularly for their professionalism and sound operational performance. Over ten thousand staff and three thousand sixty thousand clients of MFIs have been provided with training. RMDC has been awarded four times by ADB for its exemplary performance.