Micro finance institutions conference

The Central Bank of Kenya is considering a proposal to allow micro finance institutions to act as agents of commercial banks. While admitting that the micro finance sector has not grown as fast as it should, CBK Governor, Professor Njuguna Ndungu argues that this proposal could ease MFIs access to capital and enabling technologies.

Category:

News & Politics

Tags:

• Micro
• finance
• institutions
• conference

[siasabora]

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.

[thepolarden1]

When did the 8 seeking licences start doing so? Have the licences been delayed?

[siasabora]

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!