RegAlert2019-04-26 | Direction No. 2 of 2019Added · Updated
Maximum Rate of Interest on Microfinance Loans
The Monetary Board of the Central Bank of Sri Lanka issued these Microfinance Act Directions in April 2019 to regulate lending practices. The directive establishes the maximum permissible rate of interest that can be charged on microfinance loans within the jurisdiction. This regulatory measure aims to protect borrowers from excessive interest charges while ensuring the sustainability of microfinance institutions.
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MONETARY BOARD
CENTRAL BANK OF SRI LANKA
MICROFINANCE ACT DIRECTIONS
April 2019
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Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works