NBFI Requirements
Licensing requirements for non-bank financial institutions in Zambia.
Microfinance Institution Requirements
- Minimum paid-up capital of ZMW 5 million for Tier 1 MFIs
- Minimum paid-up capital of ZMW 2.5 million for Tier 2 MFIs
- Fit and proper assessment of directors and senior management
- Business plan covering at least 3 years
- Anti-money laundering framework
- Adequate IT infrastructure
Application Documents
MFI Application Form
Fit and Proper Declaration
Business Plan Template
Capital Requirements Guide