Our efforts started as an advocacy, with the belief that creating an enabling policy and regulatory environment could catalyze market players to see microfinance as a sound and viable undertaking. We endeavored to create a supervisory and regulatory framework that recognized the peculiarities of microfinance while striving to maintain alignment with international standards.
Such balance allowed the entry of banks into the microfinance market by reducing barriers and providing incentives, while at the same time, ensuring that players act, and their operations conducted, in a safe and prudent manner. In particular, we put in place the needed measures that cover the full credit cycle of microfinance from loan application to full repayment.