The Bank of Tanzania (the BoT) exercising its powers under
section 60(1) and (2) of the Microfinance Act of 2018 (the Act) has
published the Microfinance (Non-Deposit Taking Microfinance Service
Providers) Regulations of 2019 (the Regulations) among other
regulations.
The Regulations give effect to section 5 of the Act which
provides for four categories of microfinance service providers.
The Regulations are published under Government Notice No. 679 of
2019 in the Government Gazette dated 13 September 2019 and apply to
microfinance service providers under Tier 2.
This month's briefing will focus on Tier 2 non-deposit
taking microfinance service providers which include credit /
microcredit companies, financial organisations, housing
microfinance companies, individual money lenders and digital
microfinance lenders.
