By decision issued by the National bank of Tajikistan (NBT) Board on June 18 the process of liquidation of LLC Micro-Deposit Organization Moliya va Sarmoya has begun.
A statement released by Tajik central bank, in particular, says the license of LLC Micro-Deposit Organization Moliya va Sarmoya is revoked and its activities are stopped through compulsory liquidation.
The process of liquidation of this micro-deposit organization will be carried out in accordance with the country’s legislation, the statement says.
In a statement delivered at a meeting with representatives of the country’s financial sector, President Emomali Rahmon revealed on May 10 that the number of lending agencies has reduced nearly two times over the past four years because of crisis in the banking system.
The number of lending agencies reduced from 137 in 2014 to 79 in 2018, the president stressed.
According to him, microfinance organizations have been hit the worst by the crisis. The number of microfinance organizations reduced from 125 in 2012 to 62 in 2018, Rahmon noted.
LLC Micro-Deposit Organization Moliya va Sarmoya has provided microfinancing services. It has offered loans to small businesses. The company is based in Dushanbe.
