Microfinance Bill, 2012 H.B. 2, 2012 significant transfer of its assets and liabilities to, another microfinancier or person), directors, name or legal status of the microfinancier, or any change in the scope of its business; “microfinance business” means any person who carries on, or who advertises or announces himself or herself or holds himself or herself out in any way as carrying on, either or both of the following⎯ (a) moneylending business; or (b) credit-only microfinance business or deposit-taking microfinance business that is not conducted for the sole or exclusive benefit of the members of that business; “microfinance institution” means a company whose microfinance business includes deposit-taking microfinance business; “microfinancier” means a moneylender, corporate microfinancier or microfinance institution; “micro-enterprise”, “small enterprise” and “medium enterprise” bear the meanings given to those terms by the Small and Medium Enterprises Act [Chapter 24:12] (Act No. 16 of 1983); “Minister” means the Minister of Finance or any other Minister to whom the President may, from time to time, assign the administration of this Act; “moneylender” means any person who carries on a moneylending business; “moneylending business” means the business of providing loans or other credit facilities to persons, otherwise than as part of a credit-only microfinance business or deposittaking microfinance business; “Register” means a Register of Microfinanciers kept in terms of section 9; “registered”, in relation to a microfinancier, means registered in terms of section 7; “Registrar “means the Registrar of Microfinanciers appointed in terms of section 4(1) or any person performing his or her functions in terms of section 4(3); “registration certificate” means a registration certificate issued in terms of section 8; “Reserve Bank” means the Reserve Bank of Zimbabwe established by the Reserve Bank of Zimbabwe Act [Chapter 22:10] (Act No. 5 of 1999); “Secretary” means the Secretary of the Ministry to which this Act is assigned; “supervisor” means a person appointed or deemed to have been appointed as a supervisor in terms of section 43; “undesirable method of conducting business” means any conduct prohibited by the First Schedule. 3 Application of Act (1) Subject to this section, this Act shall apply to⎯ (a) all credit-only microfinance business and all deposit-taking microfinance business conducted by any entity otherwise than for the sole or exclusive benefit of the members of that entity; or -6-