LOCAL microfinance personnel affiliated to
Touted as a model in having microfinance institutions (MFIs) serve the majority rural farmers who have been denied banking services by commercial banks,
"We want to learn from their expertise as we seek to improve MFIs performance in the country," said UTT Board Chairman, Mr Edmund Mkwawa. Mr Mkwawa who officiated the beginning of the weeklong training for 50 local finance personnel noted that the majority of rural folks can only be served through MFIs.
"MFIs are a solution to providing banking services to the majority poor and in this
He said through the former Dar es
"By 2005, we had some 5,000 clients who confessed that they have gotten out of abject poverty from selling two to five chickens a day to hundreds and those doing a few chapattis or doughnuts to big businesses," Mr Mkwawa revealed.
The former National Bank of Commerce (NBC) Managing Director who successfully listed
"According to a recent Finscope survey, only 41 per cent of the population have access to some sort of financial services," he noted. Acting UTT Microfinance Board Chairman, Mr Amulike Ngallama marveled at
"When we visited
"We hope to work with our local partners to deliver to the poor who don't access banking services,"
UTT Microfinance Chief Executive Officer,
Established in 1983 by Prof Yunus,
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