(Ministry of Finance, 2017) The United Republic of Tanzania
The United Republic of Tanzania has been undertaking financial sector reforms since 1990s, in which its implementation has gone through the First and Second Generation Financial Sector Reform programmes. The reforms have been geared at liberalizing the financial sector, with a view to strengthening the financial market structure. Consequently, they have led to significant changes in the financial sector landscape, including increased participation of microfinance service providers.