State to regulate activity of microfinance organizations - Akishev

ASTANA. February 7. KAZINFORM /Muratbek Makulbekov/ The state will regulate activity of microfinance organizations.

Deputy Chairman of the National Bank of Kazakhstan Daniyar Akishev has announced introducing draft Law "On microfinance organizations" to Majilismen.

"In his State-of-the-Nation Address the President gave instruction to the Government jointly with financial regulators to elaborate a corresponding bill and a complex of measures on the issues of expanding access to microcredit instruments and mechanisms for their implementation," D.Akishev said.