Law for the Promotion and Regulation of Microfinance

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This Law promotes and regulates microfinance activities to stimulate the economic development of low income sectors in the country. 

The Law establishes the formation of the Microfinance Promotion Fund (FOPROMI) and the Microcredit Risk Centers (MRC). It also issues the minimum constitution, organization and control requirements needed to establish a microfinance institution in Nicaragua.

Document Details

Title (Non-English): 
Ley de Fomento y Regulacion de las Microfinanzas
Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2011
Date of Document: 
Thursday, July 7, 2011
Document Authors: 
National Assembly of the Republic of Nicaragua
Language (This Document): 
Spanish

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