Regulatory Alerts1998-06-30 | Resolución 063/98Added · Updated
Resolution 063/98 Approving Regulations for Properly Secured Microcredit Operations
The Board of Directors of the Central Bank of Bolivia approves regulations defining microcredit operations as properly secured, allowing financial intermediaries to lend up to twice their equity for such loans. The resolution establishes specific thresholds, limiting individual microcredits to Bs 25,000 and group loans with joint and several liability to Bs 75,000. It categorizes secured microcredits into four types: those with real or popular share guarantees, group loans with cross-guarantees meeting strict demographic and financial criteria, individual loans with non-dispossessory pledges of movable assets, and loans using new technologies approved by the Financial Prudential Standards Committee.