WHAT ARE THE REQUIREMENTS FOR ONE TO LICENSE A MICRO LENDER?

1. Covering letter on business letterhead 2. Duly completed form 1 by applicant 3. Vetting documentation ( biographical/personal questionnaire affidavit, DIS FORMS, IDs, police clearance for all the controllers) details by Manager/P.O. 4. Proof of financial liquidity � certified to be in bank by the Accountants. 5. Proof of payment of license fees. 6. Statutory documentation � ( Proof of incorporation) 7. Detailed 3-5 year business plan. 8. Latest financial statements, for existing businesses. 9. Resume for Manager and or P.O. 10. Resolution of board if company. 11. Proof of established office or letter of intent for that purpose. 12. Standard proposed loan application form for customers. 13. Proposed dispute resolution and complaints guidance. 14. Service Level Agreements ( if any). 15. Proposed organizational structure. 16. Proof of BURS registration.