Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update - April 30, 2015
Mbinga and Kiva never launched their planned partnership due to challenges during the onboarding process. Mbinga has not raised any funds on the Kiva platform.

Partner Description
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 Lending Partner All Kiva Partners
  Start Date On Kiva Nov 11, 2011 Oct 12, 2005
Total Loans $0 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $0 $155,292,280
Number of Paying Back Loans 0 180,364
Amount of Ended Loans $0 $1,775,561,795
Number of Ended Loans 0 2,382,297
Delinquency Rate 0.00% 11.50%
Amount in Arrears $0 $10,725,818
Outstanding Portfolio $0 $93,282,250
Number of Loans Delinquent 0 45,477
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,228
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,023,738
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $700 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 38.98% 78.24%
Average Loan Size $100 $392
Average Individual Loan Size $0 $589
Average Group Loan Size $700 $1,892
Average number of borrowers per group 7 8.3
Average GDP per capita (PPP) in local country $1,900 $5,599
Average Loan Size / GDP per capita (PPP) 5.26% 7.00%
Average Time to Fund a Loan 1.49 days 8.93 days
Average Dollars Raised Per Day Per Loan $67.05 $43.86
  Average Loan Term 10.08 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,181,695
  Journaling Rate 0.00% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

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 27.02% PY
  Profitability (return on assets) N/A 0.2% -3.10%
  Average Loan Size (% of per capita income) N/A 134.00% 0.00%

Country Fast Facts

Lending Partner Staff