Regulatory Alerts2019-10-22
Microlending – Act 7 of 2018
The regulatory authority issued Microlending – Act 7 of 2018 to establish the statutory framework governing microlending operations. This legislation mandates compliance standards for licensed lenders and outlines regulatory oversight mechanisms for financial micro-credit providers. Officially published in 2019 and last updated in October 2024, the Act consolidates licensing requirements and operational guidelines into a single regulatory document.
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