bhutan development finance corporation ltd (bdfcl)
TRANSCRIPT
BACKGROUND
31st January 1988Small entrepreneurs/farmersIndustrial and Agriculture
DevelopmentRGOB-RMA regulates the overall
operations
VISION
“To be strong, dependable and customer focused bank that provides much more than money, to ensure that businesses grow and succeed and our people enjoy a better tomorrow”
OPERATIONSHead Office – Thimphu3 Regional offices
- Western Region-Paro-Central Region- Trongsa-Eastern Region- T/gang
25 Branches nationwide2 sub branch offices
- Dagapela- Dramitse
CREDIT DELIVERY MECHANISM
Head Office Level Head Office Credit Committee
Regional Office Level
Eastern Region
Central Region
Western Region
Branch Office Level Branch Office
Geog Level Geog Credit (mobile banking)
Board Level Central Credit Committee
LOAN SCHEMES :Our Clients and Products
GroupGuarantee Lending
and Savings Scheme
(GGLS)
Small Individual Loan Scheme
(SIL)
1. Landless, asset less 2. Without proper Thram3. Without house who depend on other’s land4. Who has skills and willingness to work hard5. Who can work in groups and co-guarantee6. No collateral and guarantee required7. Amount up to Nu. 50,0008. Interest rate 10%
1. Small-scale enterprises2. Entrepreneurial skills3. Willingness to work hard4. Good credibility5. Security 1times in rural areas6. Amount up to Nu. 100,0007. Interest rate 12-13%
Commercial Agriculture & Industrial
Loan Scheme
1. Small, Medium & large scale enterprises2. Excellent entrepreneurial skills3. Excellent credibility & character4. Security required 1.5 times (commercial value)5. Guarantee required if security is inadequate6. Amount above Nu. 100,0017. Interest rate 12-15%
OTHER SERVICES
1. Bank Guarantee
2. Deposits of various types with chequefacilities to be introduced soon
RURAL COVERAGEFiscal Year 2001 2002 2008 2009 Increas
e %
Rural credit (Nu.in million)
117 188 460 599 511.9
No.of active clients
11061 13073 16515 17315 157