Registering an MFI in Kenya

Do you have a dream of tapping into the ever growing Micro finance sector in Kenya which has seen a lot of families transform their livelihoods. Are you wondering where to start? The best way to start is just to start. Simple, Right? You start by registering the Micro finance. One of the ways is to register as an NGO. The following are the requirements

1. 1. A cover letter addressed to the Executive Director requesting for registration. 
   2. Duly filled Form 3 (three copies) in original Forms.
   3. Duly filled Addendum to Form 3(two copies) providing specific information on their physical address and contact details.
   4. Duly filled Form 1 (one copy stating organization’s contact person)
   5. Two (2) recent colored passport sized photographs of top three (3) officials with the names of the official and organization written at the back.
   6. Photocopy of ID card/passports for the three (3) top officials.
   7. Copy of Name Reservation Form duly approved and paid for.
   8. Three (3) Copies of the proposed NGOs Constitution-signed by three top officials and one official on all the pages.
   9. A Copy of minutes authorizing the filing of applications. The minutes should specifically resolve to register as an NGO
   10. Processing fees Kenya shillings Eleven Thousand (KES 11,000) for NGOs that are national in scope and Kenya Shillings Twenty Two Thousand (KES 22,000) for NGOs that are international in scope. In instances where the applicants have downloaded application forms from the NGOB website, they will be required to pay the requisite fee of Kenya Shillings Two Hundred (KES 200). Where a name reservation has not been paid for, the fee of KES 500 will be applicable.
   11. Proposed one-year budget of the applicant organization.
   12. All applications shall be typed or filled in block letters
   13. All signatures must be in original form. Scanned and/photocopied signatures will not be accepted.
    You are now informed. Go and register your MFI.