Table of Contents
About Mufindi Community Bank Plc (MuCoBa)
MuCoBa was established in December 1998 and was the first Community bank operating in Tanzania that was under the supervision of the Bank of Tanzania. The objective of establishing MuCoBa was to provide financial services to the low and medium income earners in Mufindi district especially in rural areas.
MuCoBa is not standing alone. Since the services of MuCoBa are directly linked with the society (community members), it collaborates with other stakeholders. These stakeholders include the government, the NGOs, various companies, donors and development programmes.
The number one priority for MuCoBa are its clients. MuCoBa’s mission is to provide quality and appropriate financial services that help in creating employment to the community and wealth to shareholders and clients.
Since 2000 MuCoBa steadily grew. MuCoBa aims at improving its growth in order to expand outreach and serve more community members.
You’re kindly invited to read and learn more about MuCoBa on the other pages of the website.
The historical background of MuCoBa starts in 1984 when some residents of Mufindi district established a local NGO called Mufindi Education Trust (MET) with the aim of promoting secondary education in the district in order to fight against illiteracy.
In 1996 MET established a revolving fund that was known as Incomet Fund Ltd under the support of a Belgian NGO called by then ACT (now TRIAS) with the primary objective of providing credit facilities to its workers. The Fund proved to be very useful especially to the medium and low income earners and therefore its services were extended to others. The Fund was very useful to such people because at that time there was only one bank in the district (The National Bank of Commerce Ltd) and besides its presence, the conditions to acquire both deposit and credit facilities were not suited to the low and medium income earners.
Due to good experience of this Fund, it was observed that having an institution that would provide microfinance services to all residents in the district would be of paramount importance and hence, the idea of forming MuCoBa.
Mufindi Community Bank Ltd (MuCoBa) was established in December 1998 under Companies Ordinance (Cap 212) with Registration No. 35471. MuCoBa was given a licence by the Bank of Tanzania (BOT) to conduct banking operations as a first Community Bank in Tanzania in May 1999 with licence No. MFI A 00001. MuCoBa started operations to the public in June 1999.
Mufindi Community Bank Plc (MuCoBa) Location and Contact Information
Physical address
- Mafinga town, Mufindi district, Iringa region
Situated along Tanzania-Zambia highway, about 80kms from Iringa town
Tanzania
Postal address
- The General Manager
- Mufindi Community Bank Ltd (MuCoBa)
- P. O. Box 147 Mafinga, Tanzania
- Telephone: 255 026 2772165
- Fax: 255 026 2772075
e-mail: mucoba@satconet.net
Vacancies and Internships at Mufindi Community Bank Plc (MuCoBa) – Nafasi za Kazi Mufindi Community Bank Plc (MuCoBa)
Mufindi Community Bank Plc (MuCoBa) Job vacancies are normally advertised through the Official Mufindi Community Bank Plc (MuCoBa) Tanzania career website page which can be accessed through this link-http://www.mucobatz.com/newsevents/jobs.htm
Find and apply for jobs advertised by Mufindi Community Bank Plc (MuCoBa) by browsing the links listed below:
Have you found the job you are looking for? Try checking other Jobs in the list below
[jnews_block_28 number_post=”20″ include_category=”20357″ pagination_mode=”loadmore” pagination_number_post=”5″]
Mufindi Community Bank Plc (MuCoBa) useful links
- Mufindi Community Bank Plc (MuCoBa) website: http://www.mucobatz.com/home/home.htm
- Mufindi Community Bank Plc (MuCoBa) job vacancies – careers page: http://www.mucobatz.com/newsevents/jobs.htm
