Article 50
Effective from 2019-12-10 - Dec 09 2019
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| The Consumer Microfinance Company shall not engage in any activity other than the activity of consumer microfinance. It shall practice such activity according to the following: | ||
| a. | The finance shall be for purchasing goods and services for purposes of consumption, including, but not limited to, purchase of furniture, consumer goods and household products or payment of education fees and the like. | |
| b. | The finance to the borrower shall not be for commercial or professional purposes. | |
| c. | Vehicle purchase financing is excluded from consumer microfinance activity. | |