On 26th February 2026, the Tanzania Association of Microfinance Institutions (TAMFI) convened its Annual General Meeting at the Peacock Hotel in Dar es Salaam—bringing together over 120 member institutions in a powerful demonstration of sector cohesion and shared purpose.

As the highest governance platform of the Association, the AGM serves as a critical mechanism for accountability, strategic alignment, and collective decision-making within Tanzania’s microfinance ecosystem.

Driving Accountability and Strategic Transformation

The 2026 AGM resulted in the approval of several key frameworks that will strengthen the sector’s integrity and long-term sustainability:

• Audited Financial Statements, reinforcing transparency and institutional accountability
• A new Strategic Plan, positioning TAMFI to scale its impact and member support services
• Adoption of a Self-Regulatory approach, empowering the sector to uphold standards, promote responsible practices, and complement regulatory oversight
• A revised Code of Conduct, promoting professionalism and responsible lending practices

These decisions mark an important step toward building a resilient, transparent, and inclusive microfinance sector.  The adoption of the SRI approach marks a critical milestone in the evolution of the microfinance sector in Tanzania. It signals a shift toward greater industry ownership, peer accountability, and proactive compliance, which are essential for building trust and long-term sustainability.

Strengthening Governance Through Inclusive Representation

In accordance with the Association’s Constitution, members elected a new Board representing various tiers and stakeholder groups within the industry:

• Tier 1: Felician Girambo, CEO – FINCA Microfinance Bank
• Tier 2: Gabriel Mwangende, CEO – Uwezo Microfinance & Doris Lyakurwa, CEO – Platinum Microfinance, Tulinave Willilo, CEO – Medical Microfinance
• Tier 3: Elvera Mdee, Manager – SameKaya SACCOS
• Tier 4: Veronica Liombo, Manager – VICOBA
• Business Development Service Providers (BDSP): Mr. Tony Missokia, MD – SOLOCODES
• Zanzibar Representative: Juma Maabad, Zanzibar Economic Empowerment Fund (ZEEA)

The election of a new Board—representing diverse institutional tiers and stakeholder groups—ensures inclusive leadership and balanced representation across the sector.

This governance structure enhances TAMFI’s ability to:

• Advocate effectively for member institutions
• Strengthen regulatory compliance
• Support responsible growth of microfinance services to underserved communities

A Platform for Sector-Wide Collaboration

The strong turnout and active participation reaffirm TAMFI’s role as a trusted convener and coordinator within the microfinance ecosystem.

The AGM was further supported by partners and sponsors, underscoring the importance of collaborative efforts between industry players and development stakeholders in advancing financial inclusion.

Looking Ahead: Scaling Impact

With strengthened governance systems and the introduction of a self-regulatory framework, TAMFI is well-positioned to:

• Enhance sector discipline and accountability
• Improve service delivery standards among MFIs
• Expand access to responsible financial services for low-income populations
• Strengthen institutional capacity across its membership

TAMFI remains committed to working with development partners to build a transparent, well-regulated, and inclusive financial ecosystem that supports sustainable livelihoods across Tanzania.