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Kalika Microcredit Development Bank Limited (KMDB) as a public limited company, received operating license from Nepal Rastra Bank (the Central Bank of Nepal) as D class financial institution on 2067/04/05 (July 21, 2010) to operate under Bank and Financial Institution Act, 2063 (2006). Its Central Office is located in western part of Nepal, Walling Bazar, Syangja and working area is 10 District: Syangja, Parbat, Kaski, Rupendehi, Nawalparasi, Palpa, Tanahu, Gorkha, Dhading and Makawanpur.
KMDB provides customer friendly microfinance services in un-served and underserved areas of respective districts. Our major focus is to expand financial service in rural and deprived area through our Branch Offices which are located in remote area.
The authorized capital and issued capital of KMDB is Rs. 100 and 50 million respectively. Share ownership structure is as below:
- Promoters Share (Rs. 30 million) 60%
- General Public including staff (Rs. 20 million) 40%