Guidelines and best practices for Micro, Small, and Medium Enterprise (MSME) Finance

  • Clients have the right to know exactly what they’ll be charged, including interest rates and any fees, before they agree to a loan or financial product
  • Finance Companies shall avoid charging customers more due to internal inefficiencies or errors.  Companies need to find a way to offer fair prices while reaching larger number of clients.
  • Finance Companies should only offer loans that customers can realistically repay
  • Finance Companies must prioritize treating clients with fairness and respect
  • Finance Companies should create opportunities for customers to share their thoughts on offered products and services . Additionally, a clear and accessible complaint process should be available to address any issues efficiently.
  • Finance Companies shall keep client’s personal information confidential and never share them without client’s explicit permission.
  • Clients have the right to receive a clear and easy-to-understand copy of their financing agreement
Last modified: May 16, 2024
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