Whereas, obtaining complete and relevant data from Microfinance Institutions enables to identify inherent risks associated with each institution and the sector at large and undertake risk- based supervision on the basis of same;
Whereas, bringing the different directives related to records and reports in one set eases the reporting works of Microfinance Institutions;
Whereas, availing necessary data is important for calculation of financial and operational performance indicators and ratios by the Bank;
Now, therefore, pursuant to the authority vested in it by article 14 (2/e), 15 (2/a) and 27/2 of the Micro-financing Business proclamation No. 626/2009, the National Bank of Ethiopia hereby issues theses directives.