of April 26, 2013 No. 60
About modification and amendments in some legal acts of the Kyrgyz Republic
Accepted by Jogorku Kenesh of the Kyrgyz Republic on March 14, 2013
Article 1. Bring in the Law of the Kyrgyz Republic "About the microfinancial organizations in the Kyrgyz Republic" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2002, No. 9, the Art. 412) the following changes and amendments:
1. In Article 1:
the paragraph one of Item 1 to state in the following edition:
"1. The microfinancial organization is the specialized financial and credit or credit institute (microfinance company, the microcredit company, the mikrocreditny agency) created as the legal entity for the purpose of rendering microfinancial services for physical persons and legal entities, including according to the Islamic principles of banking and financing.";
Items 2 - 4 to state in the following edition:
"2. Microfinance company is the specialized financial credit institute created in the form of joint-stock company, which obtained the license of National Bank and performing the microcredit of legal entities and physical persons and other transaction types, including attraction of term deposits from physical persons and legal entities provided by this Law.
3. The microcredit company is the specialized financial credit institute created in any form of business of the commercial organization, which received the certificate of National Bank and performing the microcredit of physical persons and legal entities and other transaction types provided by this Law.
4. The Mikrocreditny agency is the specialized credit institute created in the form of non-profit organization behind the exceptions established by this Law, the received certificate of National Bank and the performing microcredit of physical persons and legal entities according to the authorized purposes of the organization.";
to state paragraph two of Item 6 in the following edition:
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