Microfinance sector is supported by a Regulatory Framework that aims to assist the growth and development of Microfinance Institutions. IMFs are licensed and supervised as microfinance institutions by the Central Bank of Kosovo (CBK). They report on monthly and quarterly basis to the CBK, and also submit the annual audited financial statements.
The main instruments governing the MFIs financial activities are the Law on Banks, Microfinance Institutions and Non-Bank Financial Institutions and many Regulations from the CBK.
Since the vast majority of MFIs in Kosovo have NGO status, they are regulated with the Law on Freedom of Association in Non-governmental Organisations. And, like any other NGO, MFIs also submit the annual reports at the NGO Office at the Ministry of Public Administration.
Last updated: February 2018
Law on Banks, Microfinance Institutions and Non-Bank Financial Institutions
Law on Freedom of Association in Non-governmental Organisations
Regulations from the CBK:
REGULATION ON THE EXTERNAL AUDIT OF MICROFINANCE INSTITUTIONS
REGULATION ON INTERNAL CONTROLS AND INTERNAL AUDIT FUNCTION IN MICROFINANCE INSTITUTIONS
REGULATION ON LIMITS TO HOLDINGS OF REAL ESTATE AND MOVABLE PROPERTY OF MICROFINANCE INSTITUTIONS
REGULATION ON CREDIT RISK MANAGEMENT FOR MICROFINANCE INSTITUTIONS
REGULATION ON THE LIQUIDITY RISK MANAGEMENT FOR MICROFINANCE INSTITUTIONS
REGULATION ON EFFECTIVE INTEREST RATE AND DISCLOSURE REQUIREMENTS
REGULATION ON REPORTING OF MICROFINANCE INSTITUTIONS TO THE CBK
REGULATION ON DISTRIBUTION OF MICROCREDIT FUND OF MICROFINANCE INSTITUTIONS AND NON-BANK FINANCIAL INSTITUTIONS (Available in Albanian only)
Amended Rule XIV on the Licensing and Supervision of Micro-Finance Institutions Authorized Under Sections 3, 6, and 7 of UNMIK Regulation 1999/21
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