Mbinga Community Bank
Tanzania
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. |
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 11, 2011 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $0 | $422,858,225 | |
| Amount of Raised Inactive Loans | $0 | $258,525 | |
| Number Of Raised Inactive Loans | 0 | 227 | |
| Amount of Paying Back Loans | $0 | $91,306,800 | |
| Number Of Paying Back Loans | 0 | 99,215 | |
| Amount of Ended Loans | $0 | $331,292,900 | |
| Number Of Ended Loans | 0 | 434,304 | |
| Delinquency Rate | 0.00% | 2.22% | |
| Amount In Arrears | $0 | $1,280,358 | |
| Outstanding Portfolio | $0 | $57,625,985 | |
| Number of Loans Delinquent | 0 | 10,235 | |
| Default Rate | 0.00% | 0.97% | |
| Amount of Ended Loans Defaulted | $0 | $3,220,059 | |
| Amount of Ended Loans | $0 | $331,292,900 | |
| Number Of Ended Loans Defaulted | 0 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.00% | 0.96% | |
| Amount of Refunded Loans | $700 | $4,068,925 | |
| Number Of Refunded Loans | 1 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 38.98% | 74.05% | |
|---|---|---|---|
| Average Loan Size | $100 | $406 | |
| Average Individual Loan Size | $0 | $645 | |
| Average Group Loan Size | $700 | $1,741 | |
| Average Number Of Entrepreneurs Per Group | 7 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $723 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 13.83% | 12.14% | |
| Average Time To Fund A Loan | 1.49 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $67.05 | $86.56 | |
| Average Loan Term | 10.08 months | 9.6 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 0 | 202,684 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 39.94% | |
| Average Number Of Comments Per Journal | 0.00 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.73 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | N/A | N/A | 35.14% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | N/A | N/A | -0.41% | |
| Average Loan Size (% of Per Capita Income) | N/A | 69.20% | 46.81% |
- Country:
- Tanzania
- Capital:
- Dar es Salaam
- Official Language:
- Kiswahili or Swahili (official), Kiunguju (name for Swahili in Zanzibar), English (official, primary language of commerce, administration, and higher education), Arabic (widely spoken in Zanzibar), many local languages
- Population:
- 36,588,225
- Avg Annual Income:
- $723
- Labor Force:
- agriculture 80%; industry and services 20%
- Population Below Poverty Line:
- 36%
- Literacy Rate:
- 78.20%
- Infant Mortality Rate (per 1000):
- 102.13 deaths
- Life Expectancy:
- 44.39 years
Field Partner Staff
Emilian KombaJoyce Luena
Inocent Mbiku
Edwin Namnauka
Godfrey Nditi
Shedehwa Optati

