JPM Partners has advised MFI Flex Credit on obtaining a license to operate as a microcredit financial institution from the Central Bank of Montenegro.
MFI Flex Credit is part of the MV Finance Group, which operates over 380 offices across seven countries.
According to JPM Partners, the license enables MFI Flex Credit to conduct microcredit activities in accordance with the Montenegrin Law on Financial Leasing, Factoring, Purchase of Receivables, Microcrediting, and Credit-Guarantee Operations.
The JPM Partners team included Partner Alma Djindjinovic Karadjuzoviz and Associate Dajana Drljevic.