Day: June 11, 2019

Finance Ministry Cuts Microfinance Loan Interest Rates

Finance Ministry Cuts Microfinance Loan Interest Rates

The Microfinance Business Supervisory Committee under the Ministry of Planning and Finance (MOPF) issued Directive (1/2019) to revise interest rate for microfinance loans and saving on June 5. The new rates are to take effect on June 1, but the announcement was released after four days of the effective date, causing microfinance institutions to be in […]

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