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Microfinance & Enterprises Development Program!

RCDS provides "booster shots" and financing that enable small businesses to expand. Under microfinance program, RCDS is also providing important skills and entrepreneurship training and support to ensure that the financed businesses succeed at the community level. An amount of 05.5 Billion PKR has been disbursed in the loan book with close to 300K loans services benefitting half a million household under this programme which continues the scaling and extension to the unbanked, underbanked and untapped communities with aspiration to convert into financial subscribers and beneficiaries.

Outlook

RCDS provides its clients a package of financial and non-financial products and services at their doorstep, thus making their access easier to sources of finance.

Operating Principles

  • To provide services in a professional, personal and competitive manner
  • To provide the access to community cost effective an efficient financial services
  • To provide a climate in which RCDS borrowers can achieve outstanding performance and personal economic growth.
  • To support both social and economic advancement of our community
  • To continue the emphasis of the RCDS strength through growth of capital
  • All of which shall be supported by a program of excellence in products and services while maintaining high standards of ethics and integrity
  • Products & Services will be clients driven and blend of innovation and capacity building services.

Modus Operandi

The Microfinance team of the organization follows a well-designed and well-organized implementation methodology of the program. First of all, an in-depth survey of the community is carried out to assess the needs, potential and possible impacts of the financial interventions. Very soon after identifying a village or community for initiation of micro-finance program, a series of meetings and dialogues is carried out with the people of the community. The intended clients are organized into groups and subsequently into centers and community organizations. The field level operational methodology involves social collateral as a security to the loans. Parallel to the financial disbursements, a series of capacity building interventions remains continue with an objective of developing the entrepreneurial skills of the clients. Regular monitoring, continuous follow-up and concrete evaluation work as essential strategies to ensure the program implementation in adherence to the pre-designed rules of business