Mwanga Community Bank

Mwanga Community Bank

Mwanga Community Bank Limited (MCBL) started in 2000 after obtaining its license from Bank of Tanzania to operate in Mwanga District only. In 2009 the bank obtained regional licence to operate in Kilimanjaro region.

The bank opened Service centres in Moshi, Same and another outlet in Hedaru, soth-eastern part of Same district.

The bank’s shareholders are individuals, village members of Mwanga district, Institutions and Non Government Organizations. By December 2013 the numbers of shareholder were 4,644. The bank started paying dividends to shareholders in 2004.

The bank has 24,455 clients with total deposits of TZS 8.646 million and loan portfolio of TZS 6.888 million. It has total Assets of TZS 10.419 million, capital of TZS 1.097 million and share capital of TZS 567 million as at 31st December 2013.

Product and Services

The bank offers varieties of products and services such as sales of shares for TZS 50/- per share, Savings and deposits Products, Fixed deposit account, Hekima Account, Normal Saving Accounts, Junior Account for children, Faidika Account with interest range from 6% to 8% per annum, Foreign exchange account in USD or Euro, Money Transfers in and outside the country, Bureau de change services, Automated Teller Machine (ATM), Mobile banking (Umoja Switch) etc.

Services Area

Mwanga mapThe banks’ operations are limited within Kilimanjaro region. MRCB operations are delivered from its branch and head office in Mwanga township. The bank has also opened Service centres in Moshi Regional town and Same District towns. They are in the process of opening another outlet in Hedaru in Same District.

Contact US

P.O. Box 60651,
Green Acres House,
New Bagamoyo Road,
Victoria,
Dar-es-Salaam
Post code 14107,Tanzania.

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