Microcredit Regulatory Authority

Microcredit Regulatory Authority (MRA) is the central body to monitor and supervise microfinance operations of non-governmental organizations of the Republic of Bangladesh. It was created by the Government of Peoples’ Republic of Bangladesh under the Microcredit Regulatory Authority Act (Act no. 32 of 2006). License from the Authority is mandatory to operate microfinance operation in Bangladesh as an NGO.

On September 28, 2012 at the Alliance for Financial Inclusion's Global Policy Forum 2012, the bank made a commitment under the Maya Declaration to promote agent and mobile banking, implement consumer protection initiatives, and establish a credit bureau for the MFI sector.

Read more about Microcredit Regulatory AuthorityMicrocredit in Bangladesh, Legal Requirement To Be An NGO-MFI, Financial Inclusion

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