Regulation for Registration of a Microfinance Organization at the National Bank of Georgia

1. The present Regulation defines the rules and requirements for registration of a
microfinance organization (further referred to as MFO) at the National Bank of
2. This Regulation was worked out on the basis of the Organic Law of Georgia “On
The National Bank of Georgia” and the Law of Georgia “On Microfinance
3. A microfinance organization shall be entitled to carry out its activity under
Article 4 of the Law of Georgia “On Microfinance Organizations” only after being
registered at the National Bank of Georgia.
4. The National Bank of Georgia shall register only the legal entities registered by
the Tax Authorities of Georgia, whose organizational and legal form, kind of
activity and business name comply with the requirements of this regulation and
Laws of Georgia “ On Microfinance Organizations” as well as on “Entrepreneurs”.