Regulatory Alerts2019-01-01
Microfinance (Community Microfinance Groups) Regulations 2019
The Bank of Tanzania and delegated local authorities issued these 2019 regulations to establish a comprehensive legal framework for the formation, registration, and operation of community microfinance groups. The rules mandate that groups comprising ten to fifty members undergo a structured formation process, submit detailed applications for registration, and commence operations within three months while adhering to permissible lending and contribution activities. Registered groups must maintain transparent governance, submit quarterly financial reports, appoint internal control officers, and comply with consumer protection standards to ensure accountability and sustainable microfinance delivery.
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