Regulatory Alerts2008-05-13
Added · Updated
Microfinance Categorization of the Deposit Taking Microfinance Institution
The Microfinance Act, implemented by the Minister for Finance, outlines regulations for microfinance institutions in Kenya. These regulations categorize deposit-taking microfinance institutions as either nationwide or community-based and outline the requirements for licensing and operations. The Central Bank of Kenya is responsible for licensing and overseeing these institutions, with penalties for non-compliance.
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