Micro-Financing Business Proclamation
Council of Ministers/trade and industry, Ethiopia
The micro-financing business shall see to the collection of deposits and issuance of credit to rural and urban farmers and people engaged in other similar activities as well as micro and small scale rural and urban entrepreneurs, the maximum amount of which may be determined by the National Bank. The proclamation also specifies other specific roles a micro-financing institution can take on. It contains other pertinent pointers ranging from licensing to operational and financial requirements and limitations.
Process Flow
Micro-Financing Business Proclamation Current Version
January 2022
The micro-financing business shall see to the collection of deposits and issuance of credit to rural and urban farmers and people engaged in other similar activities as well as micro and small scale rural and urban entrepreneurs, the maximum amount of which may be determined by the National Bank. The proclamation also specifies other specific roles a micro-financing institution can take on. It contains other pertinent pointers ranging from licensing to operational and financial requirements and limitations.
Thank you for requesting an expert analysis
A member of our team will review your request and reply back to the email address on file.