Posts

Showing posts from September, 2018
The Royal Monetary Authority of Bhutan is the Central Bank of Bhutan and is a member of the Asian Clearing Union. It is also the minting authority for the Bhutanese Ngultrum.  
While discussing with the Governor, Dasho Penjor and IT Director Mr. Sherab Jamtsho of RMA, Bhutan, Maximus identified the necessity for Microfinance solution for Bhutan as the then microlending process was not streamlined and was not controlled by RMA. Incidentally, RMA was also looking for potential solution providers who will promote and enhance financial inclusion projects that would contribute to the country’s economy.
RMA identified gaps in the procedure for providing loan and collection of savings of the under-served communities in Bhutan.  There was not a good system to regulate and provide small loans to small and marginal borrowers.  An easy and smooth transaction flow of microfinance across the country was the need of the hour.  RMA wanted to launch a centralized system of microlending, the way India h…