Licensing Regime
Licensing directives stipulate minimum requirements for applicants to operate in the microfinance sector. The Table below briefly summarises some of the requirements for each type of microfinance. Applicants are however advised to read through the applicable directives to fully understand all the requirements.
| Entity | Application Fee | Minimum Capital | Governance | Duration |
|---|---|---|---|---|
| Microcredit Agency | MK100,000 | N/A | N/A | Perpetual |
| Non-deposit Taking | MK200,000 | MK100 million | Board of Directors and Senior Management | Perpetual |
| Deposit Taking | MK150, 000 | MK250 million | Board of Directors and Senior Management | Perpetual |