Loans granted by using trust funds   1. Accounting principles: a) This account shall be used for reflecting the amounts that microfinance institutions lend to domestic customers to serve predetermined purposes by using funds held in trust for the Government, domestic and foreign organizations and individuals; b) Microfinance institutions shall have to keep a detailed journal of loans specific to lending contracts or agreements, terms, maturity dates, qualified borrowers and paid amounts, etc.; d) Microfinance institutions must comply with applicable regulations set out in [...]

Account 130- Deposits made at credit institutions   1. Accounting principles: a) This Account shall be used for recording a microfinance institution’s deposits made at domestic credit institutions; b) Bases for recording entries on this account include the notice of Credit, Debit or the account statement issued by a credit institution, enclosing original vouchers; c) Upon receipt of vouchers from credit institutions, the accountant must check whether they are matched to attached original ones. In case where there is any difference between data available [...]

Operation of insurance agents in credit institutions   A credit institution with insurance agents may conduct the following activities: 1. Client referral: The credit institution may refer a client who would like to purchase insurance to the insurance enterprise. 2. Insurance offer: The credit institution may offer insurance and explain terms and conditions of insurance products to clients who would like to purchase insurance; or offer insurance via electronic or online methods or other methods in compliance with the law. 3. Arranging conclusion of insurance policies: The [...]