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The USAID Kizazi Hodari (Brave Generation) Southern Zone Project (USAID KHSZ project) has shown me that my dreams are not lost; they are just beginning. ....
While banks and financial institutions encourage people to take loans to expand their businesses and the economy in general, it has been different for Community Microfinance Groups (CMG) in. ....
The level of participation in community microfinance groups (CMGs) has dropped from 16 percent in 2017 to 12 percent in 2023, according to the FinScope 2023 Survey ....
Financial consumer protection regulations In January, we published an update on the new Bank of Tanzania Regulations on financial consumer protection. The update explored key provisions of the Bank of Tanzania (Financial Consumer Protection) Regulations that were published as Government Notice No. 884 of 2019 (the Regulations). Key players under the Regulations are the financial consumer, the financial service providers and the Bank of Tanzania ( BOT). The Regulations make it imperative for financial service providers to adopt policies and a mechanism for ensuring financial consumer protection. Every financial service provider must have a structure of governance that ensures effective implementation of consumer protection. The Regulations also provide for non-discrimination of consumers and the need for financial service providers to adopt transparent consumer contracts with fair terms. The Regulations also provide for the requirement of financial service provider ....