On Improving Legal Regulation of Microfinance Activity
The article gives a brief review of the reasons of approving Edict of the President of the Republic of Belarus No. 325 dated June 30, 2014 “On Attracting and Granting Loans, Activities of Microfinance Organizations”. The tasks and key provisions of Edict of the President of the Republic of Belarus No. 394 dated October 23, 2019 “On Granting and Attracting Loans” as well as the measures on increasing availability of microloans and improving microfinance activities in the Republic of Belarus are considered. The norms designed to protect the rights and property interests of borrowers, improve microfinance activity by means of improving availability of microloans granted against movable property, as well as excluding the unfair practice on granting monetary funds to citizens at unreasonably high rates by funds and under the pretext of leaseback agreements, were analyzed.