Microfinance; Registrations

Registration of a Non Deposit taking Microfinance in Kenya

What is a non-deposit taking (credit only) microfinance? A non-deposit taking institution, also known as a credit only entity is an institution that does not take any form of deposit or cash collateral from any person. This type of microfinance institution is not provided for in the Microfinance Act, Kenya and is therefore not regulated …

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Registration of a Microfinance Bank in Kenya

This is the procedure for registration of Microfinance Bank in Kenya. The steps to follow in applying for a microfinance bank licence are as shown below: Stage 1: Approval of Name a) Contact the Central Bank of Kenya at an early stage for a preliminary meeting to discuss licensing requirements and related issues. b) Propose …

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