Forum for Rural Women Ardency Development (FORWARD) NGO’s conducted microfinance programme for 12 years and transferred its assets, liabilities and staffs and transformed into FORWARD Community Microfinance Bittiya Sanstha Ltd. (FORWARD), is registered under the Company Act from the Company Registrar and licensed by Nepal Rastra Bank as a national level Microfinance Development Bank ("D" Class financial Institution) with Head office in Duhabi Bhaluwa Municipality, Ward no-3, Sunsari of Eastern Development Region (EDR).The bank has started its formal operation from 17th May 2013 by taking over from Forward-NGO . The bank has major share holding of FORWARD Nepal and Everest Bank Limited with 25% each, with Rural Microfinance Development Centre holding (RMDC) -10%, Individual promoters -10%, and remaining 30% shares to be issued to general public through Initial Public Offering. In the pursuit of poverty reduction through providing qualitative financial services to poor people in underserved and un-served people in a sustainable way, FORWARD has established 72 branches from Mechi to Mahakali and has plan to further expand its services in upper hills, mountains and inner part of Terai.