The National Bank of Rwanda is mandated to regulate and supervise Microfinance institutions. Microfinance institutions include Savings and Credit Cooperatives (SACCOs) and some limited companies that operate microfinance activities. The supervision is conducted through three main activities: licensing of MFIs, off-site surveillance and on-site inspection of MFIs thus licensed.
The activity of supervising Microfinance Institutions (MFIs) by the National Bank of Rwanda is based on the Law n° 55/2007 of 30/11/2007 governing the Central Bank of Rwanda, the Law n° 40/2008 of 26/08/2008 establishing the organization of microfinance activities and its implementing Regulation n°02/2009 of 27/05/2009
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