Mwanga Community Bank Limited popularly known as “Benki ya Wananchi Mwanga” opened its doors to the public nine years ago after obtained its license from Bank of Tanzania as a Regional Unit Financial Institution in year 2000. In 2009 MCB obtained a Regional Bank license from BOT which allow the bank to operate throughout Kilimanjaro Region. The bank is a public limited company whose shareholders are individuals from every village of Mwanga District, people originating from Mwanga and other places living in Dar es salaam, Arusha, Dodoma, Tanga and Moshi, Institutions and Non Government Organizations like TGT, Mwanga Pare Community Development Trust Fund, Mwanga District Council etc. There is no majority shareholder. For the last seven years, the bank has registered tremendous success in terms of growth both in business volume and profitability. Since 2005, the bank has been paying dividends to its shareholders.
Mission Statement of MCB
The mission of MCB is ‘‘To mobilize resources and empower economically the community as stakeholders, through financial intermediation by providing valuable and efficient banking and related services to support and strengthen their own development”.
Our vision statement
The vision of MCB is “to be a leading and preferred Community Bank in the country, providing microfinance and banking services with products highly competitive in the market to achieve sustainable growth”
Our Common Values
Respect for all people regardless of their gender, race, religion and social group
Appreciation for rule-of-law, legal and personal security
Education and professional service to promote development
Cooperation as a spirit for partnership and success
Transparency and integrity within our organisation and externally to create trust
Support for health and ecological sound environment