Money lending businesses usually provides people the opportunity to gain credit in different ways whether by means of credit cards personal loans and other types. 2 1 to operate a microfinance institution in zambia it is a requirement that the institution be registered with the bank of zambia.
To register a new micro finance company a non refundable application fee of r500 is needed as well as a r250 branch fee per location.
How to register as a money lender in zambia. If you make a public offering of the securities then your lawyer will have to register you with the sec. Short term loans lendmepay will be offering loans to salaried individuals both civil servants and private sector. By individual partnership.
Money can make better things happen. In order to purchase any product or service on lmp a user will be required to have money in their wallet. If your money lending business has investors then you may need to file with the appropriate securities commission.
Our personal loans give you the freedom to pay for your medical bills rentals pay off debt or even help pay for a wedding. Application for a money lenders licence. Form description of form no.
1 1 a company intending to apply to operate as a microfinance institution shall be required to write to the registrar of banks financial institutions and financial businesses the registrar submitting the proposed name of the institution for clearance. Register with the securities and exchange commission sec. Please use the relevant forms for application for a money lenders licence.
Whatever your financial needs are premiercredit zambia limited is here to make sure you have hassle free simple convenient and very affordable access to money. Biumoney is a simple fast entirely online lending platform that provides salary advance loans in zambia. Application for registration as a credit provider.
Directors and officers questionnaire non bank financial institution directorsandofficersquestionnaire nonbankfinancialinstitution pdf directors and officers. Application forms and all relevant regulations can be easily downloaded from the ncr website or you can download the forms below. The laws of zambia copyright ministry of legal affairs government of the republic of zambia the money lenders act the money lenders application for certificate regulations form 1 regulation2 statement 1.
The market for money lending companies is already saturated by big banks tycoons and other business that have enough money to lend people in need. If the applicant is a company the name of the company should be stated here 2. 2 application by an individual for a licence for himself or for a partnership 4 statement in support of an application by an individual for a licence for himself or for a partnership sis 2 supplementary information sheet application by an individual for a money lenders licence for himself or for a.
The name of applicant. Lendmepay zambia limited is a company incorporated under the laws of zambia as an international financial.