Information types | Macro-financial institutions | Micro-financial institutions |
Collateral | Compulsory | Not always needed |
Legal status | Compulsory | Not always required |
Agreements | Yes, depending on the legal’s status | Not always necessary |
Property valuation reports | Needed, depending on the application | Rarely required, depending on the loan size applied for |
Insurance | Not all institutions require it | Not important |
Licence | Compulsory | Yes, but not always |
Business experience | Yes, indicated in financial statements | Yes, required depending on business |
Export documents | Cross-border businesses | Not much involved in such businesses |
Management CVs | Not always required | Rarely required |
Audited accounts | Compulsory | Required but not always |
Info from regulatory authorities | Yes, depending on business | Rarely required |