Summary
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The National Bank of Ethiopia has issued Directive No. MFI/1/1996, which outlines the minimum capital requirements and licensing procedures for micro-financing institutions, including a minimum paid-up capital of Birr 200,000 and the submission of various documents and information. The directive also specifies fees, including an investigation fee, initial registration fee, initial license fee, and annual license renewal fee, to be paid by micro-financing institutions applying for a license.
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