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9.3 Micro-finance institutions (MFIs): Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Written by: International Labour OrganizationArticle Overview: Micro-finance operators in Tanzania function within the framework of the Government’s National Micro Finance Policy of 2000. The objectives of this policy are to provide the basis for the evolution of an efficient and effective micro-finance system to serve the low segment of society and contribute to economic growth and poverty reduction (as described in MIT, 2002). The policy establishes a framework within which micro-finance operators will develop, lays out the principles to guide operations of the system, defines roles and responsibilities of actors, and provides guidelines for coordinating mechanisms. The Central Bank was given the mandate to coordinate implementation of the policy. It is interesting to note that the Micro Finance Policy includes “gender equity” as a best practice.
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Free Download - References: Learning to change: Skills development among the economically vulnerable and socially excluded in developing countries By International Labour Organization |
9.3 Micro-finance institutions (MFIs): Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Micro-finance operators in Tanzania function within the framework of the
Government’s National Micro Finance Policy of 2000. The objectives of this policy are
to provide the basis for the evolution of an efficient and effective micro-finance system
to serve the low segment of society and contribute to economic growth and poverty
reduction (as described in MIT, 2002). The policy establishes a framework within which
micro-finance operators will develop, lays out the principles to guide operations of the
system, defines roles and responsibilities of actors, and provides guidelines for
coordinating mechanisms. The Central Bank was given the mandate to coordinate
implementation of the policy. It is interesting to note that the Micro Finance Policy
includes “gender equity” as a best practice.
Access to financial services should be available to both men and women. In order to achieve
gender equity in the delivery of services, it may be necessary to make special efforts to
incorporate features that make the services accessible to all. (National Micro Finance Policy,
2000, pp. 11-13).
There are a number of micro-finance operators in the country (the major ones are
highlighted in Table 6) and, although a number of key informants stated the view that
micro-financing is plentiful, most MFIs operate in urban areas with relatively welldeveloped
infrastructure, thereby denying access to rural MSEs and those in backward
regions (UDEC, 2002). Key informants reported that micro-credit operators had recently
formed the Tanzania Association of Micro-Finance Institutions (TAMFI), with support
from the Swedish International Development Agency (SIDA). At this point, however,
there is no collective data on micro-finance clients, no evidence of systemic performance
evaluations of the micro-finance industry, and a great need for sharing of good practices
in managing micro loan funds.
1.3 Methodology: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa
1.0 Introduction: Microfinance in Africa - Experience and Lessons from Selected African Countries
What is a Microfinance Institution (MFI)?
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About the Author: International Labour Organization RSS for International's articles - Visit International's website  Click here to visit International's website   12 Mission Objectives Support for Growthoriented Women Entrepreneurs in Tanzania 2005 33 Major Constraints facing the MSM sector Support for Growthoriented Women Entrepreneurs in Tanzania 2005 37 Tackling workrelated health hazards Working Out of Poverty 114 Our common challenge Working Out of Poverty 120 Building together Working Out of Poverty |
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