National Microfinance Policy 2017

Abstract

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. The development of the financial system is predicated on the financial stability of the country notably the stability of microfinance system. To this end, the Government is committed to put in place sound macroeconomic fundamentals which will ensure financial stability by creating a conducive business environment, legal and regulatory framework that will entail development of a vibrant financial sector, of which the microfinance is a part. The sustainable growth of the microfinance sub-sector will immensely contribute to the generation of employment and raising the incomes of the low-income population.