Can microfinance institutions be established in the form of a joint-stock company?
Based on Clause 1, Article 87 of the 2010 Law on Credit Institutions, the type of microfinance organization is stipulated as follows:
Microfinance organizations are established in the form of limited liability companies.
Thus, microfinance organizations established in the form of limited liability companies cannot be established in the form of joint-stock companies.
Sincerely!
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