OUR SERVICES

Transactional Banking

RCDP is committed to advancing financial inclusion in line with the National Financial Inclusion Strategy (NFIS) framework established by the government of Pakistan. Our goal is to actively contribute to the ecosystem aimed at achieving the target of 10 million active borrowers by the fiscal year 2020.

To support this mission, we have implemented practical measures to enhance accessibility to financial services. This includes streamlining the loan disbursement process through cash-over-the-counter transactions and facilitating loan repayments via intermediary banking partners.

These tangible efforts are central to our strategy, reflecting our dedication to expanding financial inclusion and ensuring that underserved communities have better access to essential financial services.

Digital Financial Services

The introduction of Digital Financial Services (DFS) under the regulatory framework established by the State Bank of Pakistan has profoundly transformed the country’s financial landscape, particularly at the grassroots level.

The introduction of Digital Financial Services (DFS) under the regulatory framework established by the State Bank of Pakistan has profoundly transformed the country’s financial landscape, particularly at the grassroots level.

Innovations such as mobile wallets and e-wallets, coupled with peer-to-peer (P2P), government-to-person (G2P), person-to-government (P2G) transactions, and the agency model, have significantly enhanced financial inclusion.

These initiatives have markedly increased access to financial services for previously unbanked communities across the nation, reshaping the economic environment and expanding financial opportunities for a broader population.

Saving Mobilization

Savings are a crucial safeguard against future uncertainties, and a proactive approach is essential for their effective management. Marginalized members of the base of the pyramid (BOP) often have a higher propensity to save.

At RCDP, we facilitate the allocation of their resources by partnering with financial institutions such as microfinance banks (MFBs), deposit-taking microfinance institutions (MFIs), and commercial banks. This collaboration is designed to optimize their wealth and assets, promoting long-term sustainability and resilience. By providing structured support and access to appropriate financial services, we help these communities build a more secure and stable financial future.

Credit and Life Insurance

At RCDP, safeguarding borrowers against unforeseen circumstances is a fundamental aspect of our financial products. We aim to enhance this protection by adding an additional layer of indemnification at minimal cost.

This initiative is driven by our ongoing research and development efforts, which focus on improving the resilience and security of our clients. By integrating these advanced protective measures, we empower borrowers to better manage and overcome unexpected challenges, ensuring that they have a robust safety net in place.

This commitment reflects our dedication to providing comprehensive financial solutions that support our clients in navigating potential adversities.

Capacity Building

Training, skill development, knowledge enhancement, and information sharing are essential components of our loan management process. These interventions are mandatory for ensuring that borrowers are well-equipped to manage their finances effectively.

Additionally, we support entrepreneurship and enterprise development through both forward and backward integration with suppliers and buyers. This holistic approach fosters a more robust business environment, helping entrepreneurs to thrive by streamlining their supply chains and expanding their market reach.

By combining these efforts, we aim to build a strong foundation for sustainable growth and success in the ventures undertaken by our borrowers.

Microinsurance

RCDP offers insurance services to low-income households, establishing essential social safety nets for times of need. The life insurance provided through RCDP includes coverage for the outstanding loan amount, ensuring that any remaining debt is settled. Additionally, in the event of the client’s death, a funeral benefit of PKR 7,000 is paid directly to the client’s family. This comprehensive insurance solution not only safeguards against financial burdens but also provides crucial support during challenging times. By offering this insurance, RCDP aims to provide financial security and peace of mind to low-income families, ensuring that they are not left vulnerable in the face of unexpected events. The coverage is designed to address both the immediate financial obligations of outstanding loans and the practical needs associated with funeral expenses. This approach reinforces RCDP’s commitment to building resilient communities by offering a safety net that supports clients and their families during difficult periods. Through these measures, RCDP strives to enhance the overall well-being and stability of the households it serves.
RCDP’s insurance programme is designed to provide crucial support to low-income households, ensuring they have a reliable safety net in times of need. The coverage includes full repayment of any outstanding loan amounts upon the client’s death, alleviating the financial burden on the family. Additionally, a funeral benefit of PKR 7,000 is provided, addressing immediate expenses related to burial or funeral arrangements. This comprehensive approach not only helps manage the financial impact of unforeseen events but also contributes to long-term stability and security for families. By integrating these insurance benefits, RCDP reinforces its dedication to fostering resilient and secure communities.