National Microfinance Bank (NMB)
Description (14 word limit)National Microfinance Bank (NMB) is microfinance institution (MFI) that was established by Tanzania’s NMB Limited Incorporation Act. It is 51-percent owned by the government of Tanzania. The bank initially provided payment services, savings accounts and very limited borrowing services, but since mid-2010 the bank has been expanding its lending operations. NMB operates 142 branches reportedly covering 80 percent of Tanzania’s districts. As of 2016, NMB reported total assets of TSH 4.6 trillion (USD 2.1 billion), return on equity of 24.4%, and 2 million clients.
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