Dar Es Salaam, Tanz - SNHU Academic Archive - Southern New ...

46continue to provide technical assistance to strengthen and develop the existing SACCOin urban and rural areas ',The Nationa l Microfinanc e Polic y recognize s th e institution s providing microfinanceservices a s th e rea l drivin g forc e behin d th e achievemen t o f th e ultimat e goa l ofdevelopment o f sustainabl e microfinance . Banks an d non-ban k financial institutions ,SACCOS and NGOs are free to develop microfinance services on the basis of their owninternal objectives , whethe r profit, poverty alleviation , self-hel p or other motivations.The Government expect s the institution s that decide t o becom e microfinanc e serviceproviders to fulfill thei r responsibility to learn best practices and to apply sound financialprinciples in die deliver y of their services , particularly with respec t to pricing , loandelinquency control , financial reportin g an d informatio n management , appropriat etechniques and products, gender equity and governance.In February 2003 the government of Tanzania, through the ministry of Cooperatives andmarketing issued a new cooperative development policy to replace that of year 1997. Inarticle 7. 2 o f th e cooperativ e developmen t polic y 2002 , i t wa s state d that ; 'Theestablishment and development of SACCOs in the rural areas has been slow. MostSACCOS has been established in the urban areas and at workplaces. As a resultmembers of agricultural marketing primary cooperative societies have found itimpossible to save money that could have enabled them to buy shares and therebincrease the capital of their cooperative ',