70. Use of the words “credit”, “microcredit”, “lending”, “lenders” “moneylenders” and “microfinance” in business names

No person other than a licensed moneylender, or an institution exempted under subsection (3) of section 20 shall use as part of its name or its description, any of the words, “credit”, “microcredit”, “lending”, “lenders”

No person other than a licensed microfinance institution, or an entity exempted by subsection (1) of section 32 shall use as a part of its name or its description in its name, the word, “microfinance” or any of its derivatives or its transliteration or its equivalent in any other language whether alone or in combination with any other word, without the prior written approval of the Authority.