National Bank of Ethiopia - Consolidated Directives for the Licensing and Supervision of the Business of Micro Finance Institutions (MFIs)


This collection of 15 National Bank of Ethiopia (NBE) directives provides for the licensing and supervision of the business of micro finance institutions (MFIs) in the country. The directives cover the topics of interest rates, loans, liquidity, governance, reserves, licensing, and financial disclosure for micro finance institutions (MFIs). The directives in this document are as follows:

1. Directive No. MFI/01/96 Minimum Paid Up Capital and Information Required from Applicants
2. Directive No. MFI/02/96 Contribution In Kind
3. Directive No. MFI/03/96 Criteria for Selection of Officers and Directors
4. Directive No. MFI/04/96 Conditions to Be Met Prior to Commencement of Operations
5. Directive No. MFI/05/96 Loan Policy, Limit, Period and Provisions
6. Directive No. MFI/06/96 Investment In Equities of Allied Activities
7. Directive No. MFI/07/96 Branches
8. Directive No. MFI/08/96 Financial Records and Information
9. Directive No. MFI/12/98 Amendment of Interest Rates
10. Directive No. MFI/13/2002 Amendment of Interest Rates
11. Directive No. MFI/14/2002 Penalty for Failure to Comply with the Requirements of Proclamation No. 40/1996 and Directives of the National Bank of Ethiopia
12. Directive No. MFI/15/2002 Minimum Liquidity Requirement
13. Directive No. MFI/16/2002 Minimum Capital Ratio to be Maintained by Micro Finance Institutions (MFIs)
14. Directive No. MFI/17/2002 Limits on Loans, Repayment Period and Provisioning Requirement
15. Directive No. MFI/19/2007 Interest Rates Applicable to Micro Finance Institutions (MFIs)

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National Bank of Ethiopia
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