Microfinance Bill, 2012 H.B. 2, 2012 62. Amendment of Cap. 24:20. 63. Transitional provision. FIRST SCHEDULE: Microfinanciers’ Code of Conduct. SECOND SCHEDULE: Contents of Business Plan of Microfinanciers. BILL To provide for the registration, supervision and regulation of persons conducting microfinance business in Zimbabwe; to amend the Moneylending and Rates of Interest Act [Chapter 14:14] and the Banking Act [Chapter 24:20] (Act No. 9 of 1999); and to provide for matters connected with or incidental to the foregoing. ENACTED by the President and the Parliament of Zimbabwe. PART 1 PRELIMINARY 1 Short title This Act may be cited as the Microfinance Act [Chapter 24:29]. 2 Interpretation In this Act⎯ “board”, in relation to a microfinance institution, means the board referred to in section 20; “borrower” means a person to whom a microfinancier makes a loan or provides a credit facility, and includes a person to whom such a borrower’s rights and liabilities have passed, whether by assignment, delegation, cession or otherwise; “chief accounting officer”, in relation to a microfinance institution, means a person who is responsible, under the direct authority of the institution’s chief executive officer, for ⎯ (a) preparing and maintaining the institution’s books of accounts and other financial records; and (b) ensuring that the institution has systems of internal financial control that comply with this Act and any other enactment; -4-