RSDC Laghubitta  conducted its 2nd AGM; issuing IPO worth Rs 4 crore

RSDC Laghubitta Bittiya Sanstha has successfully conducted its 2^nd AGM on Poush 25 at Butwal. Issuing a press statement, the micro finance will be issuing Initial Public Offering (IPO) worth Rs 4 crore in the fiscal year 2072/73. RSDC Laghubitta has a paid up capital of Rs 6 crore. The microfinance has its major investment from Grameen Swabalamban  Bikas Kendra and Lumbini bank. RSDC is the ‘D’ grade microfinance having its central office in Butwal. The microfinance earned operating profit of Rs 1.34 crore in the last fiscal year.it has earned a net profit of Rs 84.82 Lakh . The microfinance has floated loan of Rs 72.22 crore in 130 cooperatives of 25 districts.Damodar Joshi CEO of RSDC says, ‘till date the micro finance has no Non Performing Loan (NPL).