German development agency GTZ and the African Regional Agricultural Association (AFRACA) are to assist the Central Bank of Lesotho strengthen its microfinance operations by reviewing policy and legal framework, the Bank has reported. 

Two consultants, one from Germany and the other from Kenya are in Maseru to help the Bank develop a policy on microfinance, review microfinance legislation and enhance its capacity to supervise the sector. 

During their stay in the country, the delegation will meet with all the relevant players in the field collecting material necessary for the exercise, the statement from the CBL said.

Microfinancing deals with institutions that provide credit , savings and other financial services to people not usually served by the traditional financial institutions.

31 March 2005