Financial Services
MFRC
Micro Finance Regulatory Council Standards
Sets standards for micro-lenders including interest rate caps, disclosure, and credit life insurance requirements.
Issued by:National Credit RegulatorCitation:Standards under NCA 34 of 2005
Financial ServicesRetailInformal Economy
Sections
2
Duties
2
Questions
3
Assessment from
R 15 000
What the assessment covers
The assessment works through 3 questions across 2 duties, scored out of 39. Each answer generates the specific actions needed to close or prove that duty — and a “yes” only counts once its evidence is in, which is what makes the score defensible rather than self-declared.
The questions themselves are part of the assessment.
MFRC
Find out where you stand on MFRC
Run the assessment, get your score, and get the exact list of what to fix — with the evidence trail an auditor will ask for.