Mbinga Community Bank Ltd (MCB) opened doors on 30th July 2003. The bank is licensed by the central Bank of Tanzania (BOT) as a regional unity bank with its headquarter in Mbinga town. Mbinga is located 1,100 kilometers from Dar es salaam the commercial city of Tanzania; to the South West of Tanzania, off the great lake Nyasa (Lake Malawi) bordering Malawi to the West and Mozambique to the South. Mbinga district is famous in Arabica coffee production.

The bank is a Tanzanian bank owned by a spectrum of shareholders comprising Individuals, Coffee curing company, NGOs, Farmers groups, SACCOS and Mbinga district council.

 

MCB vision; The vision of the bank is to be a lead microfinance bank which will deliver high quality financial services for the development of Ruvuma region.

MCB mission; The mission of the bank is to provide financial services for the promotion of economic prosperity and self-reliance among the rural and urban disadvantaged communities in Ruvuma region.

MCB values

-        The bank is responsive and adaptive to client needs.

-        Gives high quality services

-        Dynamic

-        Accountable

-        Compliant

-        Transparent

-        Confidentiality

-        Social responsible

-        Strong relationship with stakeholders

-        Team work

 

The overall objective of MCB intervention is to increase access to financial services for the majority of the people access to financial services for the majority of the people in Mbinga and Ruvuma region.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 11, 2011 Oct 12, 2005
Total Loans $0 $572,038,600
Amount of raised Inactive loans $0 $292,975
Number of raised Inactive loans 0 290
Amount of Paying Back Loans $0 $116,616,775
Number of Paying Back Loans 0 122,350
Amount of Ended Loans $0 $455,128,850
Number of Ended Loans 0 579,769
Delinquency Rate 0.00% 3.68%
Amount in Arrears $0 $2,790,008
Outstanding Portfolio $0 $75,740,555
Number of loanDelinquent 0 11,679
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,913,187
Amount of Ended Loans $0 $455,128,850
Number of Ended Loans Defaulted 0 15,173
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $405,498
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $700 $4,475,600
Number of Refunded Loans 1 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 38.98% 74.23%
Average Loan Size $100 $418
Average Individual Loan Size $0 $656
Average Group Loan Size $700 $1,823
Average number of borrowers per group 7 8
Average GDP per capita (PPP) in local country $1,700 $3,443
Average Loan Size / GDP per capita (PPP) 5.88% 12.15%
Average Time to Fund a Loan 1.49 days 5.49 days
Average Dollars Raised Per Day Per Loan $67.05 $76.18
  Average Loan Term 10.08 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 285,464
  Journaling Rate 0.00% 42.46%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 21.00% 33.70%
  Profitability (return on assets) N/A 0.2% -1.30%
  Average Loan Size (% of per capita income) N/A 134.00% 42.34%

Country Fast Facts

Field Partner Staff

Emilian Komba
Joyce Luena
Inocent Mbiku
Edwin Namnauka
Godfrey Nditi
Shedehwa Optati