Equity & Funding

 

              The authorized capital is Rs. 800 million of FORWARD Community Microfinance Bittiya Sanstha Limited.  As of April, 2018 the Issued and paid-up capital is Rs. 300 million. The distribution of shares is as follows:

Shareholders

Amount in NRS.

% of Total paid-up Equity

FORWARD (The mother NGO)

75,041,425

25.00%

Everest Bank Limited (A Commercial Bank)

75,041,425

25.00%

RMDC Microfinance

22,512,427

7.50%

Private Sector Individuals promoters

37,520,713

12.50%

General public including clients and staffs

90,049,710

30.00%

Total

300,165,700

100%

 

               The FORWARD FINGO, Everest Bank Limited, RMDC Microfinance Ltd. and private sector individuals are promoters of the bank.

The source of fund of FORWARD Microfinance is shareholder’s equity, client saving and deposit and borrowing from other commercial banks and financial institutions.