Microfinance (Categorization of Deposit Taking Microfinance Institutions) Regulations

Kenya

(enacted in 2008)

The Microfinance (Categorization of Deposit Taking Microfinance Institutions) Regulations of 2008, issued by the Minister for Finance, set out the factors for categorizing deposit-taking microfinance institutions in Kenya as either:

  • “nationwide microfinance institutions” which are licensed to carry out deposit-taking business operations nationwide; or
  • “community microfinance institutions” which are licensed to carry out deposit-taking business operations within certain districts, divisions or other specified regions.

The regulation also includes application and conversion processes related to categorization.