First Microfinance Development Bank Limited (FMDB) started its operation from January 8, 2010 (B.S. 2066 Poush 24) in Kathmandu as national level microfinance development bank licensed by Nepal Rastra Bank under the Bank and Financial Institution Act, 2063. FMDB provides microfinance services to the economically and socially disadvantaged and deprived people through MFIs. FMDB aims to focus on improving livelihood of target people with priority to agriculture and micro enterprises. FMDB is also committed to promote sustainable microfinance services in Nepal.