Approved by the Resolution of Board of National Bank of Tajikistan of March 28, 2005 No. 73

Regulations No. 136 on the microloan organizations

This Provision is developed according to Articles 4, of 15, of 17, 35 Laws of the Republic of Tajikistan "About the microfinancial organizations" and determines procedure for creation and implementation of activities of the microloan organizations in the Republic of Tajikistan.

Chapter 1. General provisions

1.1. In this Provision terms and concepts are used in the following value:

Group - group of the physical persons which united based on the contract for the purpose of provision to group of opportunity to borrow means of the microloan organization members of Group could borrow money in the microloan organization through

Group. The group itself cannot carry out other business activity, except for monitoring and supervision over microloans which are distributed between members of this Group, and over method of providing and payment of these microloans;

Microloan - the money or things determined by patrimonial signs, provided by the microloan organizations, to borrowers on the terms of urgency, recoverability, and in the cases provided by the agreement, and the paid nature, in the amount of, not exceeding the maximum permissible size of microloan established by this Provision.

Investments - investment of money (other assets) in the capital or debt obligations of legal entities, including placement of money in other financial organizations.

Debt obligation - any obligation on payment of certain sum of money irrespective of the fact how there was this obligation or what document provides.

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