Regulatory Alerts2019-01-01
Microfinance (Savings and Credit Cooperative Societies) Regulations 2019
The Bank of Tanzania issued these 2019 regulations to comprehensively govern Savings and Credit Cooperative Societies (SACCOS) operating as Tier 3 microfinance service providers. The framework mandates tiered licensing with distinct capital thresholds, establishes strict governance and lending standards, and enforces robust liquidity, audit, and supervision protocols. By codifying capital adequacy ratios, permissible activities, and consumer protection disclosures, the regulations ensure financial stability while standardizing operational compliance across all licensed SACCOS.
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