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CONTENTS GOVERNOR S FOREWORD ........................................ ........................................ ..................................... 5 DIRECTOR S FOREWORD ........................................ ........................................ ........................................ 7 CHAPTER 1 INTRODUCTION ........................................ ........................................ ............................. 9 CHAPTER 2 REGULATORY FRAMEWORK ........................................ ........................................ ......... 13 CHAPTER 4 CONDITION AND PERFORMANCE OF THE MICROFINANCE 19 CHAPTER 5 RESPONSES TO CHALLENGES IN THE MICROFINANCE SECTOR ................................... 27 CHAPTER 6 ROLE OF MICROFINANCE IN FINANCIAL INCLUSION ........................................ ........... 29 CHAPTER 7 OUTLOOK.

DIRECTOR’S FOREWORD 1. Microfinance plays a critical role in providing access to finance by the low-income groups and micro, small and medium enterprises who cannot access the same from

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