Regulatory Alerts2025-12-04
Requirements for Licensing a Micro Lender
NBFIRA has established minimum licensing requirements for micro lending entities, mandating specific legal documentation, ownership structures, and a P20,000 financial liquidity threshold. Applicants must submit complete applications through the RBSS portal, demonstrating fit-and-proper senior management, robust AML/CFT policies, and a detailed business plan with three-year financial projections. The Authority will assess submissions within ninety days, granting licenses to compliant entities while retaining the right to request additional information or reject incomplete applications.
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