Temporary Rules Regulating the Activities of Microfinance Companies

Kyrgyz Republic

(enacted in 2002)

Temporary Rules Regulating the Activities of Microfinance Companies, issued by the National Bank of the Kyrgyz Republic, establish maximum risk levels for financial consumers. These standards were developed through consideration of traditional elements of micro-finance agreement such as liabilities, shares, savings, losses, adequacy of the capital, etc, but with a special emphasis on controlling maximum risks for single borrowers.