Microfinance act zimbabwe

    • [PDF File]Tax Regulation and Sustainability of Microfinance ...

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      The Microfinance Act, Chapter 24.29 was gazetted in 2013 to provide a holistic regulation and supervision of both credit-only and deposit taking MFIs (Deposit Protection Corporation, 2013). The Microfinance Act provides for the registration, supervision and regulation of persons conducting microfinance business in Zimbabwe. Makuyana

    • [PDF File]MICROFINANCE ACT - Food and Agriculture Organization

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      MICROFINANCE ACT [Date of assent: 30th December, 2006.] [Date of commencement: 2nd May, 2008.] An Act of Parliament to make provision for the licensing, regulation and supervision of microfinance business and for connected purposes [Act No. 19 of 2006, L.N. 56/2008, Act No. 8 of 2009, Act No. 10 of 2010, Act No. 4 of 2012.] PART I ...

    • [PDF File]Denny Kalyalya: Regulatory framework for microfinance ...

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      Malawi, South Africa, Tanzania, Uganda, and Zimbabwe, to mention a few. However, what appears to be the common factor in all these areas is the lack of adequate supervision for the sector. In the Zambian case, the principal financial legislation, the Banking and Financial Services Act of 1994

    • Some Aspects of the New Microfinance Law in Zimbabwe

      In order to rectify that, in August 2013, the new Microfinance Act [Chapter 24:29] (“the Act”) was gazetted. Zimbabwe is one of the few countries in Southern Africa to pass a specialised microfinance law besides Malawi. The new microfinance law in Zimbabwe was passed in 2013 and holistically regulates both credit-only

    • [PDF File]COMPANIES AND OTHER BUS. Normal ACT

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      COMPANIES AND OTHER BUSINESS ENTITIES ACT [CHAPTER 24:31] ARRANGEMENT OF SECTIONSS Preliminary and administration PART I Preliminary Section 1. Short title and date of commencement. 2. Interpretation. 3. When persons deemed to be associates and when persons deemed to control companies 4. Non-application of Act to certain institutions. 5.

    • Microfinance Regulation and Supervision in Zimbabwe: A ...

      6 The Zimbabwe National Microfinance Policy www.rbz.co.zw 7 Malawi’s Microfinance Act No. 21 of 2010 was assented to be by the President on the 29th of July 2010. 8 See Preamble to the Microfinance Act (Chapter 24:29). 9 Section 3(1)(a) of the Microfinance Act (Chapter 24:29). 10 Section 2 of the Microfinance Act (Chapter 24:29).

    • [PDF File]No. 3 The Finance Act 2021 2

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      An Act to impose and alter certain taxes, duties, levies, fees and to amend certain written laws relating to the collection and management of public revenues. ENACTED by the Parliament of the United Republic of Tanzania. PART I PRELIMINARY PROVISIONS Short title 1. This Act may be cited as the Finance Act, 2021.

    • [PDF File]Company Profile 2020

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      of the Microfinance Act [Chapter 24:29] and is regulated by the Reserve Bank of Zimbabwe. The organisation was formed with the purpose of providing social and financial solutions to the financially excluded population with greater focus on the youth. Shareholding The micro bank is 100% owned by the Government of Zimbabwe. Business Details

    • [PDF File]Microfinance Amendment Act No. 6, 2019 Final

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      ACT To amend the Microfinance Act [Chapter 24:30] and to provide for matters connected therewith or incidental thereto. ENACTED by the Parliament and the President of Zimbabwe. 1 Short title This Act may be cited as the Microfinance Amendment Act, 2019. 2 Amendment of section 2 of Cap. 24:30

    • [PDF File]DISTRIBUTED BY VERITAS Veritas makes every effort to ...

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      DISTRIBUTED BY VERITAS Veritas makes every effort to ensure the provision of reliable information, but cannot take legal responsibility for information supplied.

    • [PDF File]Lion Microfinance - Deposit Protection Corporation Zimbabwe

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      t/a LION FINANCE ZIMBABWE (UNDER CURATORSHIP) DPC Lion Microfinance Limited t/a Lion Finance Zimbabwe (“Lion Finance”) was placed under the curatorship of the Deposit Protection Corporation (“DPC”) by the Reserve Bank of Zimbabwe (“RBZ”) on 26th July 2019 according to the Microfinance Act [Chapter 24:29] for a period of three months.

    • [PDF File]No. 10 23rd November, 2018

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      No. 10 Microfinance Act 2018 6 THE UNITED REPUBLIC OF TANZANIA NO. 10 OF 2018 I ASSENT JOHN POMBE JOSEPH MAGUFULI President [21st November, 2018] An Act to provide for the licensing, regulation and supervision of microfinance business; and to make provisions for related matters.

    • [PDF File]MICROFINANCE ACT

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      ENACTED by the President and the Parliament of Zimbabwe. [Date of commencement : 30th August, 2013.] PART I PRELIMINARY 1 Short title This Act may be cited as the Microfinance Act [Chapter 24:29].

    • [PDF File]THE TIER 4 MICROFINANCE INSTITUTIONS AND MONEY LENDERS ACT ...

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      Act Tier 4 Microfinance Institutions and Money Lenders Act 2016 ( c) any other microfinance business which involves or is intended to involve the entry into one or more islamic contracts, or which is otherwise carried out or purported to be carried out in accordance with the Shari'ah; "liquid assets" includes cash at hand, cash in bank, mobile ...

    • [PDF File]Microfinance Act

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      Act [Chapter 24:20] (Act No. 9 of 1999); and to provide for matters connected with or incidental to the foregoing. ENACTED by the President and the Parliament of Zimbabwe. Part I – Preliminary 1. Short title This Act may be“ cited as the Microfinance Act [Chapter 24:29]. 2. Interpretation In this Act—

    • [PDF File]A Passion for Empowering Business CORPORATE PROFILE

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      Limited is a registered leasing Company in terms of the Companies Act [Chapter 24:03] registration number 4317/2010. ACL is regulated by the Reserve Bank of Zimbabwe and governed by the Microfinance Act [Chapter 24:29] and the Hire-Purchase Act [Chapter 14:09]. It is a focused leasing outfit providing asset finance to the productive sectors of ...

    • [PDF File]ZIMBABWE MICROFINANCE ACT [Chapter 24:30] APPLICATION FOR ...

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      accordance with the Hire-Purchase Act [Chapter 14:09]; n) providing credit reference services; and o) other deposit-taking microfinance activities (specify). 5. In the case of any other deposit-taking microfinance business or activity conducted or to be conducted by the applicant inside or outside Zimbabwe,

    • [PDF File]Chapter 24:20 BANKING ACT Acts 9/1999, 22/2001 ...

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      (1) In this Act— “accepting house” means a banking institution that conducts banking business in Zimbabwe and whose business consists mainly in the granting of acceptance facilities; “associate”, in relation to a banking institution, means— (a) its subsidiary, as defined in section 143 of the Companies Act [Chapter 24:03]; or

    • PARLIAMENT OF ZIMBABWE

      to amend the Microfinance Act, [Chapter 24.29], which came into force in 2013. The Act provides for the registration, supervision and regulation of persons conducting microfinance business in Zimbabwe. Prior to 2013, the legal and regulatory framework for the microfinance sector in Zimbabwe was largely inadequate and fragmented.

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