These Regulations concern the licensing of a nationwide microfinance institution and a community microfinance institution. The Regulations set out the factors necessary for categorizing an institution by the Central Bank. A person wishing to carry out deposit-taking microfinance business shall submit an application to the Central Bank indicating the category within which the applicant wishes to operate and no person shall carry out deposit-taking microfinance business outside the prescribed categories. An application to convert a community microfinance institution into a nationwide microfinance institution shall be made to the Central Bank as set out in the Schedule to these Regulations.
Кения · 2008-01-01