The role of informal microfinance institutions in saving

• PROMOTION AND ROLE MODELS. Help in promoting implementation and
review the existing Tanzanian labor laws which need to be reformed to meet for
personnel development programs and practices of the SACCOs as a new venture in the
economic development.
• HIV/AIDS. Foreign banks may also provide HIV awareness education and campaigns
to the members and non-members of the SACCOs movement both in rural and urban
areas about the risks associated with Aids.
• TECHNOLOGIES. Foreign banks may facilitate the introduction of new technologies
to assist SACCOs in offering high quality products and services with high efficiency and
effectiveness of the outputs.
• CONDUCT WORKSHOPS: Several workshops can be conducted to assist the
members of SACCOs to identify their potential stakeholders and their potential roles in
supporting the development of SACCOs and identifying the key challenges that are
facing SACCOs in trying to go one step beyond the traditional micro finances.
• Provide a political, social and economic enabling environment that will ensure and
protect the autonomy and democratic principles of cooperatives while at the same
time ensuring a level playing field for cooperatives as competitive suppliers of goods
and services to government and the private sector. Such a supportive environment
can be promoted, inter-aria, by effective partnership and dialogue between
Governments and cooperatives through joint consultative councils and/or advisory
bodies.
• Introduce and support programmes to improve the access of cooperative to
technology and enhance capacity building by strengthening and organizational,
management and financial skills of members of cooperatives, and in this regard, to
assist cooperatives in obtaining necessary technical assistance from donors.
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