Mr. Njunguna that makes MFIs an extension of Big Bank, the money Sharks the poor found difficult to get business loans from. MFIs that feel they grown big they want CBK to regulate them should dissolve then reconstitute as Rural or Urban Banks keeping their now bankable and productive (poor) clients!
The CBK pre-conditions are too stringent. MFIs thrive in an open and unregulated market. Donors that gave the initial grants to start MFIs have their mission to fulfill too.
Mr. Njunguna that makes MFIs an extension of Big Bank, the money Sharks the poor found difficult to get business loans from. MFIs that feel they grown big they want CBK to regulate them should dissolve then reconstitute as Rural or Urban Banks keeping their now bankable and productive (poor) clients!
siasabora 2 years ago 2
When did the 8 seeking licences start doing so? Have the licences been delayed?
thepolarden1 2 years ago
The CBK pre-conditions are too stringent. MFIs thrive in an open and unregulated market. Donors that gave the initial grants to start MFIs have their mission to fulfill too.
siasabora 2 years ago