Federal Democratic Republic of Ethiopia - Micro-Financing Business Proclamation No. 626-2009

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Micro-financing institutions play an important role in providing access to financial services to rural farmers and people engaged in other similar activities as well as micro and small-scale rural and urban entrepreneurs. Proclamation No. 626-2009 establishes a legal framework that further enhances the development and soundness of the micro-financing business. The proclamation is split into four parts, and covers the following topics:

Part I. General Definitions and Purpose and Activity of Micro-Financing Institutions
Part II. Licensing Micro-Financing Business
Part III. Operational and Financial Requirements and Limitations
Part IV. Miscellaneous (Penalties, Prohibitions, Applicability of Other Laws, etc.)

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2009
Date of Document: 
Tuesday, May 12, 2009
Document Authors: 
Federal Democratic Republic of Ethiopia
Language (This Document): 
English

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