Regulatory Alerts2025-09-13
Third Schedule – Non-Depository Microfinance License Application Form
The Central Bank of Somalia mandates that all applicants for a Non-Depository Microfinance License submit this standardized form containing legal entity details, contact information, and industry association membership status. The application requires comprehensive disclosure of two years of financing portfolio metrics, including outstanding balances, portfolio risk, client demographics, sector distribution, and quarterly financial statements detailing assets, liabilities, equity, and profitability. Furthermore, applicants must report all active partnerships, capacity-building expenditures, and disbursement statistics, with the completed document requiring an authorized officer's signature and official stamp to certify accuracy and validity.