a licensed commercial bank or a licensed specialized bank within the meaning of the
Banking Act, No.30 of 1988;
(b)
a finance company within the meaning of the
Finance Business Act, No.42 of 2011;
(c)
a co-operative society registered under the
Co-operative Societies Law, No.5 of 1972 and a co-operative society registered under a
Statute of a Provincial Council;
(d)
a divineguma community based bank and a divineguma community based banking society established under the Divineguma Act, No.1
of 2013; and
(e)
an entity formed in terms of the Agrarian
Development Act, No.46 of 2000.
(2)
The provisions of this Act, other than Part VIII, Part IX and Part XI, shall not apply to a microfinance non-governmental organization and a micro credit non-governmental organization.
Part I
Licensing of Companies Carrying on Microfinance Business