The non-bank financial (microfinance) organizations will contribute to the registered capital during state registration. The contributions will vary between 60,000 and 240,000 lei, depending on the type of activity of the organization. The procedure is laid down in the bill on non-bank financial organizations that was put forward by the National Financial Market Commission (CNPF) and approved by the Government, Info-Prim Neo reports. Iurie Filip, a member of the CNPF’s Administration Board, said more than 50 microfinance organizations are now operating in Moldova, but the legislation does not fully regulate their activity. Under the bill, the non-bank financial organizations, after included in the Register of Non-Bank Financial Organizations, will be able to release loans, including microloans and home loans, perform factoring and financial leasing operations, and provide guarantees for bank and non-bank loans. They can receive money in the form of investments, loans and donations. But these organizations will not be allowed to attract reimbursable funds from the population and savings, except for the cases when the private individual is founder, shareholder or associate of the non-bank financial organization and owns at least 5% of its capital. For the first time in the Moldovan legislation, the bill sets the size of the microloan granted by non-bank financial organizations to clients at 120,000 lei. It also specifies the requirements towards the managers of these organizations, the procedure for including them in the Register of Non-Bank Financial Organizations and for striking them off, methods of internal inspection and external supervision by the CNPF.