Mwalimu Commercial Bank Plc (MCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 interim results for the forth quarter.For more information about Mwalimu Commercial Bank Plc (MCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Mwalimu Commercial Bank Plc (MCB.tz) company page on AfricanFinancials.Document: Mwalimu Commercial Bank Plc (MCB.tz) 2019 interim results for the forth quarter.Company ProfileMwalimu Community Bank Limited (MCB) is a commercial bank which is wholly-owned and promoted by an umbrella trade union of teachers in Tanzania. Tanzania Teacher’s Union (TTU) is a trade union established under the Employment and Labour Relations Act 2004. There are over 200 000 members across all regions in the country. MCB meets an important need to provide affordable and accessible banking products and services to teachers in Tanzania. MCB offers a diverse range of products and services geared to empower teachers and other civil servants to improve their living conditions and transform their lives. Mwalimu Community Bank Limited is listed on the Dar es Salaam Stock Exchange
economic development at the same time, although many of the local people’s living standards have improved significantly, but in the vast territory there are still many places been beset by poverty! According to the voice of the Chinese countryside, "three rural China" reported that poverty alleviation, industrial development is the key. To enhance the ability of the poor villages in the development of the industry, hematopoietic capacity, so that poor households to achieve sustainable growth, is the main way to implement accurate poverty alleviation. The development of the industry can not be separated from financial support, but some of the existing financial instruments can not be a good connection to the needs of poor areas, to crack the bottleneck of industrial development funds.
days ago, the reporter walked into Sichuan in poor areas of Suining, explore the local banking industry is how to help people out of poverty. The Spring Festival approaching, is located in the town of Yongxing in Sichuan province Suining City mountain industrial base ship Taiwanofungus again to life. Not long ago, Sichuan 100 Greenfull Sansheng agricultural science and technology limited company to get a loan from the 30 million industry poverty alleviation Suining agricultural firm.
is the 30 million company in the town of Yongxing cattail ditch, mirror, Meng Qiao three poverty-stricken village layout Taiwanofungus industrial base construction can smoothly advance. Sichuan 100 Greenfull Sansheng agricultural science and technology limited company executive director Peng Wei hanging heart finally put down: Peng Wei: if not 30 million, our construction progress is not so quick; after the arrival of funds, the entire project is a major infrastructure construction, the year will be completed.
originally, because of agricultural investment, the initial investment of about 70000000 has made the company into a cash flow tight dilemma; is more difficult, because of the early investment is mostly agricultural infrastructure construction, is not a good evaluation, cash collateral in the short term, there would be large gains, the production and operation of the company the cash flow is not in line with the requirements of the bank loans.
Peng Shuangyong: a big break in credit policy. One is the main guarantee, not the government, the support of relevant departments and platforms involved, do not down; the other is a line of credit, accounts receivable, accounts receivable by government subsidies, credit amount determined, this is also a breakthrough. This is not possible under conventional credit operations and thinking.
reporter learned in Suining rural commercial bank, Suining County as a result of poor natural conditions, through industrial poverty, the amount of money involved is large and concentrated. The 30 million industry poverty alleviation loans become the core power, the normal operation of the current agricultural sustainable life, three agriculture has circulation of the town of Yongxing Chuanshan District three poor village 2640 acres of land, Antrodia Antrodia seedling, the construction of science popularization base, high quality rice farmland consolidation work is gradually pushed. Ship mountain Yongxing Zhen Meng Qiao Cun villagers Tang Shiqiong:
Tang Shiqiong: if you can really out of poverty out of poverty, the people say you are out of poverty out of poverty; like age, industry do so together, recommended