Microfinance Consensus Guidelines : Guiding Principles on Regulation and Supervision of Microfinance

Many developing countries and countries with transitional economies are considering whether and how to regulate microfinance. These guiding principles are formulated for the regulation and supervision of microfinance. This document is divided into five sections. The first section of the paper discusses terminology and preliminary issues. The second section outlines areas of regulatory concern that do not call for "prudential" regulation. The next section discusses prudential treatment of microfinance and Microfinance Institutions (MFIs). The fourth section briefly looks at the challenges surrounding supervision, and the final section summarizes some key policy recommendations.

Bibliographic Details

Main Authors:	Christen, Robert Peck, Lyman, Timothy R., Rosenberg, Richard
Language:	English en_US
Published:	CGAP and World Bank, Washington, DC 2003-07
Subjects:	ABUSIVE LENDING, ACCESS TO FINANCIAL SERVICES, ACCESS TO LOANS, ACCOUNTING, ADMINISTRATIVE COST, ADMINISTRATIVE COSTS, AMOUNT OF CAPITAL, AMOUNT OF LOAN, ARBITRAGE, AVAILABILITY OF CREDIT, BANK ASSETS, BANK DEPOSITS, BANK LOAN, BANK MANAGEMENT, BANK PORTFOLIO, BANK RATES, BANK REGULATIONS, BANKING LAW, BANKING REGULATION, BANKING SERVICES, BANKING SYSTEM, BARRIERS TO ENTRY, BOND, BONDS, BORROWER, BORROWING, CAPITAL ADEQUACY, CAPITAL ADEQUACY NORMS, CAPITAL REQUIREMENTS, CAPITAL STRUCTURE, CASH DEPOSITS, CASH FLOW, CENTRAL BANK, CERTIFICATES OF DEPOSIT, CHECKS, COLLATERAL, COLLATERAL FOR LOANS, COLLATERAL REGISTRATION, COLLECTION PROCEDURES, COMMERCIAL BANK, COMMERCIAL BANK ASSETS, COMMERCIAL BANK LOANS, COMMERCIAL BANKS, COMMERCIAL BORROWING, COMMERCIAL LAWS, COMMERCIAL LOAN, COMMERCIAL LOANS, COMMERCIAL PAPER, CONSUMER LENDING, CONSUMER PROTECTION, CONVENTIONAL BANK, CONVENTIONAL BANK LOANS, COOPERATIVES, COST OF LOANS, CREDIT BUREAU, CREDIT BUREAUS, CREDIT CLUBS, CREDIT HISTORIES, CREDIT INFORMATION, CREDIT INFORMATION SYSTEMS, CREDIT PERFORMANCE, CREDIT RISK, CREDIT SOURCES, CURRENCY, DEFAULTS, DEPOSIT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE, DEPOSITOR, DEPOSITORS, DEPOSITORY FINANCIAL INSTITUTION, DEPOSITORY INSTITUTIONS, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DEVELOPMENT BANKS, DIVERSIFICATION, EARNINGS, ECONOMIC COOPERATION, ECONOMIES OF SCALE, EQUITY CAPITAL, EQUITY INVESTMENT, FIDUCIARY RESPONSIBILITY, FINANCE COMPANIES, FINANCIAL ANALYSIS, FINANCIAL ASSETS, FINANCIAL CAPACITY, FINANCIAL HEALTH, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL INTERMEDIARY, FINANCIAL INTERMEDIATION, FINANCIAL PERFORMANCE, FINANCIAL REGULATION, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FOREIGN INVESTMENT, FORMAL FINANCIAL SERVICES, FRAUD, FUTURE LOANS, GROUP GUARANTEES, GROUP-LENDING, HIGH INTEREST RATES, HOLDING, HOST COUNTRY, INFORMATION SERVICE, INFORMATION SERVICES, INTEREST RATE, INTEREST RATE CAP, INTEREST RATE CAPS, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL INVESTMENT, INVESTMENT FUND, INVESTMENT FUNDS, INVESTMENT REGULATIONS, ISSUANCE, JUDICIAL REFORM, LAND AS COLLATERAL, LEGAL FRAMEWORK, LEGAL FRAMEWORKS, LEGAL PROHIBITION, LEGAL SYSTEMS, LENDER, LENDERS, LENDING LIMITS, LEVEL PLAYING FIELD, LIQUIDITY, LOAN, LOAN APPLICANTS, LOAN CONTRACT, LOAN CONTRACTS, LOAN DOCUMENTATION, LOAN PORTFOLIO, LOAN PROCEEDS, LOAN SIZES, LOCAL SAVINGS, LOCAL SECURITIES, LOW-INCOME BORROWERS, LOWER-INCOME BORROWERS, MATURE MARKET, MERCHANTS, MFI, MFIS, MICRO-BORROWERS, MICROCREDIT, MICROENTERPRISES, MICROFINANCE, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MICROFINANCE LOAN, MICROFINANCE SECTOR, MICROLOAN, MINIMUM CAPITAL REQUIREMENTS, MONETARY POLICY, MOVEABLE COLLATERAL, NET WORTH, NEW COMPANY, NEW MARKET, PHYSICAL SECURITY, POOR BORROWERS, POOR CLIENTS, PORTFOLIOS, PREJUDICE, PRIVATE CREDIT, PRIVATE CREDIT BUREAUS, PROFITABILITY, PRUDENTIAL REGULATION, PRUDENTIAL REGULATIONS, PRUDENTIAL STANDARDS, PRUDENTIAL SUPERVISION, PUBLIC CREDIT, PUBLIC EDUCATION, PUBLIC REGISTRY, REAL ESTATE, REGULATORY FRAMEWORK, REPAYMENT, REPAYMENT CAPACITY, REPAYMENT PERFORMANCE, REPAYMENT RATES, REPAYMENT RECORD, RESERVE, RESERVE REQUIREMENTS, RESERVES, RETAIL BANKS, RETURN, RISK MANAGEMENT, RISK PROFILE, RURAL BANKS, SAVINGS, SAVINGS SERVICE, SECURITIES, SECURITIES LAW, SECURITIES MARKETS, SECURITIES REGULATION, SECURITY INTEREST, SELF-REGULATION, SHAREHOLDER, SHAREHOLDERS, START-UP, START-UP COSTS, SUPERVISORY AGENCY, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, SUPPLY OF CREDIT, TAX, TAX BENEFITS, TAX DEDUCTION, TAX TREATMENT, TECHNICAL ASSISTANCE, TRANSACTION, UNSECURED LOANS, VILLAGE,
Online Access:	http://documents.worldbank.org/curated/en/2003/07/18626610/microfinance-consensus-guidelines-guiding-principles-regulation-supervision-microfinance https://hdl.handle.net/10986/16958
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