Comments on: MICROCAPITAL STORY: Increased Competition for Kenyan Low-Income Financial Market between Microfinance Institutions and Commercial Banks http://www.microcapital.org/microcapital-story-increase-competition-for-kenyan-low-income-financial-market-between-microfinance-institutions-and-commercial-banks/?utm_source=rss&utm_medium=rss&utm_campaign=microcapital-story-increase-competition-for-kenyan-low-income-financial-market-between-microfinance-institutions-and-commercial-banks Tue, 24 May 2011 15:33:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MICROCAPITAL STORY: Increase Competition for Kenyan Low-Income Financial Market Banks… | The MiFi Report http://www.microcapital.org/microcapital-story-increase-competition-for-kenyan-low-income-financial-market-between-microfinance-institutions-and-commercial-banks/comment-page-1/#comment-694 MICROCAPITAL STORY: Increase Competition for Kenyan Low-Income Financial Market Banks… | The MiFi Report Wed, 11 Feb 2009 08:32:48 +0000 http://www.microcapital.org/?p=2988#comment-694 [...] The Microfinance Act 2006, became operational in May 2008, and creates the legal framework for qualified MFIs to accept deposits and mobilize them as loan funds, providing a valuable source of capital for expansion and financial self-sufficiency. The act also opens up the possibility of MFIs tapping into other sources of capital, including equity capital. The regulations for deposit-taking MFIs are strict and include, among other things, operating nationwide throughout Kenya and retaining core capital amounting to between Sh20 million (USD 252 thousand) and Sh60 million (USD 770 thousand)… [click here to read the rest of this article...]    [...] [...] The Microfinance Act 2006, became operational in May 2008, and creates the legal framework for qualified MFIs to accept deposits and mobilize them as loan funds, providing a valuable source of capital for expansion and financial self-sufficiency. The act also opens up the possibility of MFIs tapping into other sources of capital, including equity capital. The regulations for deposit-taking MFIs are strict and include, among other things, operating nationwide throughout Kenya and retaining core capital amounting to between Sh20 million (USD 252 thousand) and Sh60 million (USD 770 thousand)… [click here to read the rest of this article...]    [...]

]]>