Displaying items by tag: Compliance

In a competitive setup, by definition, many firms contend for a limited market share. In the financial sector, in particular, competition greatly affects consumers’ wealth and financial soundness of banks (Bikker and Bos, 2005). The competition also affects the quality and diversity of products and productive efficiency of financial institutions (Claessens and Laeven, 2005). In the globalized microfinance industry, where competition has become increasingly severe, especially among the MFIs in Tanzania and East Africa at large.

Published in Amala Times

Loan management software is a cloud based end to end lending application used to improve the quality, turnaround time and service for end-customers. It enables banks to improve the agility, transparency and efficiency of their lending solutions whereas, Loan management system means an innovative, turn-key, end-to-end securities-based lending platform that connects lenders seeking high-quality, collateralized loans with borrowers requiring convenient access to credit.

Published in Amala Times

The relationship between National development and the growth of the Microfinance sector are intertwined in Tanzania for a very long period of time and that will be also for the long period to come. The reason behind is because Microfinance sector that operates under various Microfinance Institutions share a strong bond with communal based entrepreneurs who aim at growing and building their financial freedom. Now we see the main objective of the Microfinance sector ever since it was brought into existence is to allow its stake holders herein clients grow economically by raising their capital through their investments and monetary savings.

Published in Amala Times

In the Microfinance field, so as in any field there are governing laws that monitor and regulate the operation of its entities and agencies. These laws establish bodies, promote conducts, prohibit misconducts, so as encourage and grant relies or remedy in its various operations of its entities and agencies herein known as the Microfinance service providers. These entities and agencies are what run the day to day operation of the microfinance business. The Laws solely focus on making sure that the setup procedures are adhered to and followed in accordance to the requirements of the Laws so as to avoid the contradiction amongst the entities and agencies or between the service provides/clients and the regulatory bodies.

Published in Amala Times

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