We provide Loans

Open today a savings account at Mucoba Bank PLC and be eligible for our loans services

ATM Services

Our Umoja Switch ATM'sare cheaper and has wide coverage throughout the country

Our Vision

is to become among the leading banks in Tanzania & creating benefits to all stakeholders competitively

money transfer

through M-Pesa and Tigo-Pesa within the country and Westen Union, worldwide.

Our Objective

Is to provide financial services to the entrepreneurs to expand their businesses and other economic activities.


Our Team is here to provide customers with professional services

We support Small Business Loans

For all entrepreneurs

Future Targets

MuCoBa’s future growth

MUCOBA BANK PLC aims at improving its growth in order to expand outreach and serve more community members. In order to implement this target, the bank will do the following among other things:

  • Provide good working environment to its staff through provision of reliable working facilities, training and other forms of incentives.
  • Collaborate with other stakeholders who are supporting the target group (small and medium sized entrepreneurs) for example, SACCOS, NGOs and the government
  • Increase efforts in having adequate finance through savings and share mobilization and approaching institutions that can provide fund to meet demand of investments, mainly being credit facilities to the target group. In share mobilization, the bank has already started to invite new shareholders in order to widen ownership among different community members on one hand and increase share capital on the other hand.
  • Perform research on bank products in order to improve the existing products and establish products that meet the demand of clients.
  • Establishment of centres to bring services closer to clients in rural areas.

In improving growth the bank intends to grow as follows over the period of five years:

  • Savings and deposits to grow by 106 % from Tshs 14 billion in 2014 to 28.9 billion in 2018.
  • The loan portfolio to grow by 107 % from Tshs 11.6 billion in 2014 to Tshs 24billion in 2018
  • The bank’s total assets to grow by 107 % from Tshs 20.6 billion in 2014 to Tshs 42.7 billion by 2018.
  • The profitability of the bank to grow by 123% from Tshs 528.0 million in 2014 to Tshs 1,179.5   million in 2018.
  • The bank share capital to increase by 160 % from Tshs 1,189.4 million in 2014 to Tshs 3,089.4 million in 2018.


MuCoBa Performance Projections

2009 2010 2011 2012 2013 2014
No. of groups 240 312 406 528 687 704
No. of group members 4,800 6,240 8,120 10,560 13,740 14,080
No. of SACCO’s 15 22 25 27 30 32
No. of individual loans 780 936 1,124 1,349 1,619 1943
Amount disbursed (Tshs) 4.51 b 6.17 b 7.54 b 9.36 b 11.63 b 11.6b
Gross Loans outstanding. (Tshs) 2.47 b 3.46 b 4.40 b 5.50 b 6.85 b 8.4b
No. of Deposit accounts 13,572 19,001 26,602 37,243 52,141
Value of deposits (Tshs) 3.39 b 4.28 b 5.32 b 6.52 b 9.12 b 14b
Total Assets (Tshs) 4.80 b 6.37 b 8.25b 10.31b 13.95b 20.6b
Paid up share capital(Tshs) 300m 400m 500m 600m 750m
Profit Before Tax (Tshs) 204.7m 277.8m 357.6 519.4m 687.7m