Tanzania's Ministry of Finance has directed microfinance services coordinators nationwide to strengthen monitoring and enforcement of the microfinance policy and legal framework, including identifying and taking action against providers operating outside established procedures. The instruction was delivered at the close of a professional training programme for coordinators drawn from regional, district and local government levels. The Ministry linked the directive to a two-day capacity-building programme aimed at improving coordinators’ ability to identify supervisory challenges, address legal breaches and oversee microfinance service delivery. Coordinators were also told to prepare and submit implementation reports every three months in line with applicable guidelines, and to work closely with cooperative officers, mobilisers, registrars and community development officers; 130 coordinators participated in the training, which also included awareness sessions on investment offerings from UTT-AMIS, the SELF Fund and Watumishi Housing Investment.
Ministry of Finance (Tanzania) 2025-06-27
Tanzania's Ministry of Finance instructs microfinance coordinators to enforce the Microfinance Services Law and submit quarterly implementation reports
Tanzania's Ministry of Finance has instructed microfinance services coordinators to enhance monitoring and enforcement of the microfinance policy and legal framework. This directive follows a capacity-building programme aimed at improving coordinators' supervisory capabilities and legal compliance. Coordinators are required to submit quarterly implementation reports and collaborate with various local officers.