Article 2-1. The main purpose, objectives and principles of state regulation in the field of microfinance activities of the Law on Microfinance Activities

Home / RLA / Article 2-1. The main purpose, objectives and principles of state regulation in the field of microfinance activities of the Law on Microfinance Activities

1. The main purpose of state regulation in the field of microfinance activities is to establish the legal basis for the implementation of microfinance activities.

2. The main objectives of state regulation in the field of microfinance activities are:

1) regulation of the activities of organizations engaged in microfinance activities, setting standards of activity, control and supervision of microfinance activities;

2) protection of the rights and legitimate interests of consumers of services of organizations engaged in microfinance activities.

3. The main principles of state regulation in the field of microfinance activities are:

1) efficient use of regulatory resources and tools;

2) transparency of the activities of organizations engaged in microfinance activities;

3) the responsibility of organizations engaged in microfinance activities.

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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