Lahore, December 13, 2022 (PPI-OT):Rural Community Development Programme (‘RCDP’ or the ‘Company’) was formed with the aim to help poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services. RCDP is focused on reducing the barriers to financial inclusion with the expansion of loan portfolios using technological platforms and branchless banking. RCDP provides extensive training to its employees and educates clients on a regular basis.

The management may present the client grievance report to the board of directors on a quarterly basis. The depth of the environmental and social management policy may be enhanced further while clearly defining the social impact targets and also having approval from a board-designated committee or BoD itself. Going forward, RCDP’s actions toward its goal of social and economic uplift of marginalized communities will be important from the rating perspective. Rationalization of operating expenses and access to funding sources would be critical.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com