Article 13. Name of the microfinance organization The Law on Microfinance Activities

Home / RLA / Article 13. Name of the microfinance organization The Law on Microfinance Activities

1. The name of a microfinance organization (with the exception of a credit partnership and a pawnshop) must necessarily contain the words "microfinance organization" or the abbreviation "MFO".

1-1. The name of the credit partnership or pawnshop must necessarily contain the words "credit partnership" or "pawnshop", respectively.

2. A legal entity that is not registered as a microfinance organization, credit partnership, pawnshop, has no right to use in its name the words "microfinance organization", "credit partnership", "pawnshop", words derived from them or abbreviations suggesting that it carries out activities for the provision of microcredit.

The Law of the Republic of Kazakhstan dated November 26, 2012 No. 56-V.

This Law regulates public relations related to the provision of micro-loans, establishes the specifics of the creation and reorganization of organizations engaged in microfinance activities, the legal status, activities of organizations engaged in microfinance activities, and also defines the specifics of state regulation of organizations engaged in microfinance activities, control and supervision of their activities.

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Republic of Kazakhstan

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