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Microfinance Act, 2006 🇰🇪

Kenya

Table of Contents

REPUBLIC OF KENYA

Microfinance Act, 2006

Act 19 of 2006

  • Assented to on 30 December 2006
  • Commenced on 2 May 2008
  • [This is the version of this document from 2 May 2008.]
An Act of Parliament to make provision for the licensing, regulation and supervision of microfinance business and for connected purposes

Part I – PRELIMINARY

1. Short title

This Act may be cited as the Microfinance Act, 2006.

2. Interpretation

In this Act, unless the context otherwise requires—agency” means—(a)an institution’s place of business operated within premises or structure owned or occupied by a third party by means of an agreement between the institution and the third party in the provision of deposit-taking microfinance business; or(b)an entity contracted by an institution and approved by the Central Bank, or sub-contracted by such entity to provide services of the institution on behalf of the institution, in such manner as may be prescribed by the Central Bank;associate”—(a)in relation to a natural person, means any …

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