COUNTRY PROFILE
Montenegro
A standardised profile of the microfinance ecosystem — regulation, actors, funding, and the latest news. Expand any section below.
01 · REGULATION OF LENDING
Regulation of lending activity
Regulation of lending activity
Regulatory scenario
With microcredit regulation
Dedicated law regulating microcredit
Law on financial leasing, factoring, purchase of receivables, micro-lending and credit-guarantee operations
Dedicated law passed (year)
2017
02 · SUPERVISORY FRAMEWORK
Supervisory framework for non-bank lending
Supervisory framework for non-bank lending
Supervisory authority
The Central Bank of Montenegro
Authorised non-bank lender — type 1
Micro-lending financial institutions (Joint-stock companies, limited liability companies)
Type 1 — profit orientation
For-profit
Type 1 — minimum capital
EUR 125.000
Other non-bank lenders (1)
Credit Unions
03 · PRODUCTS
Products
Products
Business microcredit — max. amount
EUR 30.000 for microcredit to entrepreneurs
EUR 50.000 for microcredit to MSMEs
Business microcredit — max. term
Not defined
in the law
Business microcredit — interest cap
Not defined
in the law
Business microcredit — purpose
Not defined in the law
Business microcredit — target clients
Entrepreneurs and MSMEs
Business microcredit — mandatory non-financial support
Not defined in the law
Personal microcredit — max. amount
EUR 20.000
Personal microcredit — max. term
Not defined
in the law
Personal microcredit — interest cap
Not defined
in the law
Personal microcredit — purpose
Not defined
in the law
Personal microcredit — target clients
Natural persons
Personal microcredit — mandatory non-financial support
Not defined
in the law
04 · INCENTIVES & SUPPORT
Incentives and support
Incentives and support
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05 · DEVELOPMENT OF FRAMEWORK
Development of existing framework for non-bank microcredit provision
Development of existing framework for non-bank microcredit provision
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06 · NEWS & INSIGHTS
Latest from the Repository
Latest from the Repository
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