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Law to regulate micro-finance institutions in offing - minister

Published on February 03, 2016

Government is in advanced stages of establishing a law that will pave way for the formation of an autonomous institution that will license, regulate and supervise non-Microfinance Deposit Taking Institutions (MDIs), an official has disclosed.

State minister for Micro-Finance Caroline Okao said when passed, the Tier 4 Microfinance Institutions Act, will supervise microfinance institutions that are in the category of Tier 4 of which Saccos and Microfinance institutions MFIs are part. Read more. Source | Daily Monitor