Mucoba Bank

MUCOBA Bank PLC, formerly known as Mufindi Community Bank Ltd (MuCoBa), holds the distinction of being Tanzania’s first community bank. Established in December 1998 and licensed by the Bank of Tanzania in May 1999, MUCOBA Bank has been dedicated to providing essential banking services to the people of Mufindi and its neighboring districts since opening its doors in June 1999.

📍 Head Office Location

MUCOBA Bank’s head office is located in Mafinga town, Mufindi District, Iringa Region, along the Tanzania-Zambia highway, approximately 80 km from Iringa town.

🏦 Branch Network

The bank has expanded its presence with branches in:

• Iringa Branch: Located 100 meters from the Clock Tower roundabout on Dodoma Road.

• Ilula Branch: Situated in the Mtua area.

• Igowole Branch: Near Igowole Secondary School.

• Madibira Branch: Located in the Mbarali District.

💼 Services Offered

MUCOBA Bank provides a range of financial services tailored to meet the needs of its community:

• Loans: Business Loans, Agricultural Loans, House Improvement Loans, Employee Loans, SACCOS Loans, and Insurance Premium Financing.

• Accounts: Lulu Account (for women), Watoto Account (for youth), Malengo Account, Fixed Deposit Account, Biashara Account, Group Savings Account, and Personal Savings Account.

• Electronic Banking:

  • Mobile Banking: Accessible via 15045#, enabling deposits and withdrawals.

  • ATM Services: Available 24/7 through the Umoja Switch network, connecting over 35 banks across Tanzania.

  • Agency Banking: Over 100 agencies in the Iringa region offering secure fingerprint withdrawal services.

• Payment Systems:

  • TISS (Tanzania Interbank Settlement System): Facilitates real-time interbank transactions.

  • TIPS (Tanzania Instant Payment System): Enables instant transfers between banks and non-bank financial service providers.

• Insurance Services: Acting as an agency for Reliance Insurance Company, Metro Company, and Zanzibar Insurance, offering products like Motor Vehicle Insurance, House Insurance, Money Insurance, Life Insurance, and Fidelity Insurance.

📞 Contact Information

• Postal Address: P.O. Box 147, Mafinga, Tanzania

• Telephone: +255 26 2772165

• Fax: +255 26 2772075

• Mobile: +255 753 349 643

• Email: mucoba@mucobabank.co.tz

• Website: www.mucobabank.co.tz