MMFA was incepted in 2013 by the encouragement of the Financial Regulatory Department (FRD), Ministry of Finance and Planning. All licensed Microfinance organisations are entitled as members to participate in this association. MMFA is run by a group of capable Executive Committee members (ECs) and a management team. MMFA organizes members meetings, working group meetings, and partners with local and international development partners for capacity building training, seminar and conferences and advocates for the development of MFIs and the Microfinance Sector as a whole. In 2016, MMFA prepared a first Microfinance Policy White Paper that reflected the voice of its members and was the basis for FRD reforms to the microfinance regulations that same year. MMFA obtained its official association license in March of 2017. MMFA’s main achievements are showed in the timeline below.