On 8^th March 2024 the government of Tanzania issued a regulation, The Social Security (Use of Members' Benefit Entitlements as Collateral for Home Mortgage) Regulations, GN No. 141 of 2024 (hereinafter referred as a regulation). The regulation enables beneficiaries of social security schemes to utilize their benefits as collateral for home mortgages.

It outlines a framework for using members' contributions as collateral for various purposes such as construction, purchase, renovation, or improvement of residential houses. This brief article provides a detailed insight into the matters addressed by the said regulation.  

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