Mkombozi Commercial Bank Plc (MKCB) has invested TZS 500 million in Tanzania Mortgage Refinance Company Limited (TMRC) taking a 1.67% equity stake in the company. Along with Shelter Afrique, other TMRC shareholders include CRDB Bank Plc., NMB Plc., TIB Development Bank, NBC Bank, Exim Bank, Azania Bank, DCB Commercial Bank Plc., BancABC, NIC Bank, Bank of Africa Tanzania (BOA), The Peoples Bank of Zanzibar (PBZ), I&M Bank, National Housing Corporation (NHC), Shelter Afrique and First Housing Finance Tanzania Limited (FHF).

About TMRC
TMRC is a specialized private sector financial Institution that provides long-term funding to financial institutions for the purposes of mortgage lending. It has the objective of supporting financial institutions to do mortgage lending by refinancing Primary Mortgage Lenders' (PMLs') mortgage portfolios. This type of lending is also known as wholesale or secondary market lending.

TMRC is neither taking deposits nor lending directly to individuals. It refinances mortgage loan portfolios rather than individuals mortgage loans and caters to banks rather than individual borrowers.

About MKCB
Mkombozi Commercial Bank Plc (MKCB) started as an initiative of the Tanzania Episcopal Conference (TEC) in 2009 to establish a Commercial Bank with the main objective of serving and supporting the emerging Tanzanian businesses for provision of financial services.

Mkombozi Commercial Bank’s target markets are small and medium sized entrepreneurs, companies, SACCOS, social enterprises such as schools, universities and corporations. MKCB serves the need of growing companies, middle-market and large corporations, institutional investors, financial institutions and government entities.

MCKB has (6) branches; three are located in  Dar es Salaam (St Joseph’s branch, Msimbazi branch and Kariakoo branch) and three branches   are located in Mwanza opposite BOT, Moshi Branch is located at Upinde Street/Kibo Road, Christ the King Cathedral and  Bukoba branch is located at Plot No. 190,Jamhuri Road, Opposite Police Station.

MKCB has two financial services centers located in Tegeta ,Dar es Salaam, Alongside Bagamoyo Road,Tegeta Kwa Ndevu and in Morogoro ,Old Dar es Salaam Road Opposite Morogoro Referral Hospital- Bishop Adrian Mkoba Memorial Building Plot No. 118/1 & 118/2.