Microfinance institutions' minimum capital requirement set at sh5bn
The chairperson of the committee, Amos Kankunda who presented the report on Thursday, August 17, said there is a need for a legal regime that enables a majority of microfinance institutions to mobilise deposits to enhance financial inclusion.
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The chairperson of the committee, Amos Kankunda tabled the report. (File photo)
By NewVision Reporter
Journalists @NewVision
Parliament has set the minimum capital requirement for Microfinance Deposit-Taking Institutions (MDIs) at shillings five billion.
The new threshold is contained in a statutory instrument on the revision of the minimum