Posted inBanking

Microfinance Deposit-Taking Institutions back new UGX10bn minimum capital requirement

Players in the Micro-finance Deposit-Taking Institutions (MDIs) have backed the proposal by the Government to increase their minimum paid up share capital requirements from 25,000 currency points (Shs500M) to 500,000 currency points (Shs10Bn), saying the changes will enable them engage in more products like insurance, agent banking and mobile banking with their customers. According to […]