Tanzanian Microfinance Associations Merge

Microfinance Focus, Aug 4, 2010: Tanzanian Association of Microfinance Institutions (TAMFI) and the Coalition of Tanzanian Microfinance Practitioners and Service Providers Limited (the ‘coalition’) have recently reorganized the two institutions into one association that would cater for the interests of the two legacy institutions.

It was collectively observed that having two institutions conducting the same functions was unhealthy for the microfinance sector in Tanzania. They commissioned an independent team to undertake a study on how best the two institutions could be merged while accommodating Network best practices and the interests of the two associations.

With the merger the two organizations which have the same goals and objectives, aim to remove the confusion among the members and other Microfinance stakeholders. It will help them attain wider network coverage and will receive good will and reputation to the key microfinance stakeholders.

The merged resources will be used in support of the strategically planed activities of the merged association. The new organization will retain the name of Tanzania Association of Microfinance Institutions (TAMFI) and shall be operational from 27th July 2010.

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