Equity & Funding

 

              The authorized capital is Rs. 800 million of FORWARD Community Microfinance Bittiya Sanstha Limited.  As of December, 2019 the Issued and paid-up capital is Rs. 377 million. The distribution of shares is as follows:

Shareholders

% of Total paid-up Equity

FORWARD (The mother NGO)

25.00%

Everest Bank Limited (A Commercial Bank)

25.00%

RMDC Microfinance

7.50%

Private Sector Individuals promoters

12.50%

General public including clients and staffs

30.00%

Total

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.