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 30^th 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.