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  • Chapter Two: Licensing Provisions

    • Article Three

      Microfinance Companies shall be subject to the provisions of licensing finance companies stated in the Law and the Implementing Regulation, and commensurate with the nature and the size of the Microfinance Company’s activity and its type of operations.

    • Article Four

      Notwithstanding Paragraph (2) of Article Twelve of the regulations, a candidate for a senior management position in a microfinance company must be professionally qualified, and must have at least two years of relevant experience in the same field.