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MPs oppose high increment for minimum paid-up capital for MDIs
“Striking the right balance in setting capital requirements is crucial to ensuring a stable and inclusive microfinance sector that benefits both the institutions and the communities they serve,” said Kivumbi.
Members of Parliament during a discussing on a report of the finance committee on the Financial Institutions. (File Photo)
By: NewVision Reporter, Journalists @NewVision
MPs have opposed the high increment for minimum paid-up capital requirements for microfinance deposit-taking institutions from sh500m to sh10b.
They were discussing a report of the finance committee on the