of September 20, 2006 No. ZRU-53
About microcredit institutions
Accepted by Legislative house on June 28, 2006
Approved by the Senate on August 25, 2006
The purpose of this Law is regulation of the relations in the field of creation and activities of microcredit institutions.
The legislation on microcredit institutions consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about microcredit institutions then are applied rules of the international treaty.
Microcredit institution is the legal entity performing activities for rendering services in the field of provision of the microcredit, microloan, microleasing and rendering other microfinancial services according to this Law.
The microcredit institution has the right to open in accordance with the established procedure bank accounts for the territories of the Republic of Uzbekistan.
The microcredit institution has no right to be engaged directly in the productive, insurance, trade and intermediary and other activity which is not provided by this Law.
Microcredit institutions can be created by legal and (or) physical persons in any form of business according to the legislation.
Microcredit institutions cannot be created by state bodies, political parties, labor unions the religious organizations, other microcredit institutions and pawnshops.
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The document ceased to be valid since April 21, 2022 according to article 42 of the Law of the Republic of Uzbekistan of April 20, 2022 No. ZRU-765