Guideline on regulation of legal status of non-bank credit organizations founded as non-profit organizations with humanitarian status (“Platform”)

Azerbaijan

(enacted in 2009)

Guideline on regulation of legal status of non-bank credit organizations founded as non-profit organizations with humanitarian status by international and local humanitarian organizations (the “Platform”), issued by the government of Azerbaijan in April 2009, consolidates various agreements between the microfinance community and the government. The Platform provides guidelines on transformation of non-bank credit organization LLCs founded by international and local humanitarian organizations to either non-commercial or commercial entities.