Supreme Assembly of Tajikistan - Law on Micro Finance Organizations

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The Republic of Tajikistan's law "On Micro Finance Organizations" seeks to regulate the micro finance industry in the country with the ultimate of goal of promoting the growth of small and medium enterprises. The law sets forth provisions for the legal foundation, authorized capital and management of micro finance institutions, as well as the licensing of their activities. In addition, the law outlines the scope and regulation of these activities, including prudential requirements such as capital adequacy and currency risk rate. The National Bank of Tajikistan is designated as the regulatory and controlling authority for micro organizations responsible for their inspection and supervision. The law is divided into several chapters, and puts forth measures on the following topics:

1. Foundation, Authorized Capital and Management in Micro finance Institutions
2. Micro finance Organizations Activity Licensing
3. Micro finance Organizations Activity
4. Regulating and Exercising Control over the Activities of Micro finance Organizations
5. Fiscal Year and Audit

Document Details

Document Type: 
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Year of Document: 
2012
Date of Document: 
Monday, April 16, 2012
Document Authors: 
National Bank of Tajikistan
Language (This Document): 
English

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