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Tanzania : UTT learns from BANGLADESH expertize to boost MFIs performance in TANZANIA

July 4, 2014

Seen as a model in having microfinance institutions (MFIs) serve the majority rural farmers whom commercial banks have refused banking services, Bangladesh has succeeded in using the institutions to lower poverty from 50 per cent in 1990s to less than 25 per cent at present.

Local microfinance personnel associated with Unit Trust of Tanzania (UTT) are going through a week long training on the way to offers services to the majority un-bankable rural folks using the experience of Bangladesh.

UTT Board Chairman, Mr Edmund Mkwawa officiated the launch of the weeklong training for 50 local finance personnel and said the most rural folks can only be served through MFIs.

Mr Mkwawa who is also Chairman of Tanzania Microfinance Association (TMFA), added : "We want to learn from their expertise as we seek to improve MFIs performance in the country.MFIs are a solution to providing banking services to the majority poor and in this Bangladesh is leader from whom we can learn."

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Source: TendersInfo (India)

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