Mbinga Community Bank
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner. 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 Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Nov 11, 2011 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $0 | $2,056,436,760 | |
Amount of raised Inactive loans | $0 | $246,055 | |
Number of raised Inactive loans | 0 | 235 | |
Amount of Paying Back Loans | $0 | $158,330,245 | |
Number of Paying Back Loans | 0 | 188,292 | |
Amount of Ended Loans | $0 | $1,854,343,460 | |
Number of Ended Loans | 0 | 2,501,455 | |
Delinquency Rate | 0.00% | 12.18% | |
Amount in Arrears | $0 | $11,905,982 | |
Outstanding Portfolio | $0 | $97,730,170 | |
Number of Loans Delinquent | 0 | 63,551 | |
Default Rate | 0.00% | 1.84% | |
Amount of Ended Loans Defaulted | $0 | $34,038,827 | |
Number of Ended Loans Defaulted | 0 | 91,258 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,742,203 | |
Refund Rate | 0.00% | 0.55% | |
Amount of Refunded Loans | $700 | $11,261,520 | |
Number of Refunded Loans | 1 | 9,866 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 38.98% | 78.49% | |
---|---|---|---|
Average Loan Size | $100 | $393 | |
Average Individual Loan Size | $0 | $585 | |
Average Group Loan Size | $700 | $1,913 | |
Average number of borrowers per group | 7 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,900 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 5.26% | 7.03% | |
Average Time to Fund a Loan | 1.49 days | 9.13 days | |
Average Dollars Raised Per Day Per Loan | $67.05 | $43.04 | |
Average Loan Term | 10.08 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,225,264 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | 21.00% PY | 26.61% PY | |
---|---|---|---|---|
Profitability (return on assets) | N/A | 0.2% | -1.32% | |
Average Loan Size (% of per capita income) | N/A | 134.00% | 0.00% |
Country Fast Facts
- Country:
- Tanzania
- Capital:
- Dodoma
- Official Language:
- Kiswahili (official), Kiunguja, English (official), Arabic, many local languages
- Population:
- 49,639,138
- Avg Annual Income:
- $1,900
- Labor Force:
- agriculture: 80%, industry and services: 20%
- Population Below Poverty Line:
- 28.20%
- Literacy Rate:
- 70.60%
- Infant Mortality Rate (per 1000):
- 43.47 deaths
- Life Expectancy:
- 60.07 years