NMB BANK OPENS SPECIAL BRANCH AT TINDE LIVESTOCK AUCTION TO BOOST FINANCIAL INCLUSION

Shinyanga District Executive Director, Dr. Kalekwa Kasanga (centre) cuts a ribbon to launch NMB Bank's Tinde Mnadani service centre at the livestock auction market in Tinde. She is flanked by NMB's Chief of Retail Banking, Filbert Mponzi (right) and the bank's Western Zone Manager, Restus Assenga (left).

Shinyanga, Tanzania – 30 September 2025 – Building on its long-standing commitment to extending financial services to underserved communities, NMB Bank has inaugurated a special branch at the bustling Tinde livestock auction. This initiative marks a significant step in bridging the financial gap in rural Tanzania.

The launch at Tinde is part of a broader rollout of five new special branches established within livestock auctions across the country. Other locations include Itobo (Nzega District), Iborogero (Igunga), Dosidosi (Kiteto), and Mkongeni (Mvomero District).

Transforming Rural Banking

The new branches are strategically located to revolutionize financial access for livestock traders and keepers by offering secure, convenient, and efficient services directly at the center of their economic activity.

Speaking at the event, Mr. Filbert Mponzi, NMB Bank’s Chief of Retail Banking, emphasized the vital role of livestock auctions in rural economies:

“By establishing a physical banking presence within the Tinde auction, we are directly addressing the risks and inefficiencies associated with cash-based transactions. The branch will offer deposit and withdrawal services, electronic transfers, financial literacy programs tailored to the agricultural sector, and specialized loan products designed to boost livestock productivity and market access.”

 

Mponzi highlighted the Bank’s use of technology to tailor services for livestock keepers:

“Our mobile banking platform allows livestock keepers to manage accounts, transfer funds, check market prices, and even access digital loans of up to TZS 1,000,000 directly from their mobile phones. In addition, our specialized loan products will finance livestock improvements, infrastructure, and value-added processing.”

Endorsement from Local Authorities

The Shinyanga Rural District Executive Director (DED), Dr. Kalekwa Kasanga, who officiated as Guest of Honor, praised NMB’s innovative approach:

“NMB Bank’s initiative is a model for financial inclusion. By integrating banking services into the livestock auction ecosystem, the Bank is not only facilitating safer and more efficient transactions but also promoting financial literacy and encouraging participation in the formal economy.”

She further underscored the impact of such initiatives on rural development:

“Financial inclusion is a key enabler of sustainable growth. By expanding access to credit, savings, and insurance, NMB is empowering entrepreneurs, boosting agricultural productivity, and creating more resilient rural economies. I call upon other financial institutions to emulate this approach and develop customized solutions for underserved populations.”

Unlocking Rural Potential

The DED noted that the Tinde special branch, the first among the five to open, will reduce risks linked to cash handling while stimulating participation in formal financial systems.

“This investment by NMB Bank will have a profound impact on our community. With access to secure financial services, livestock keepers can invest in better breeds, improved feeds, and modern techniques — leading to higher productivity, increased incomes, and stronger rural economies.”

Commitment to Inclusive Growth

The launch event also featured demonstrations of banking services, financial literacy training, and livestock management best practices. NMB staff engaged with local residents in a community gathering, reinforcing the Bank’s role as a long-term partner in rural development.

This initiative aligns with NMB Bank’s wider strategy to expand financial inclusion through digital channels, agency banking, and strategic partnerships. With one of the country’s largest networks of branches, ATMs, and agents, NMB continues to position itself as a key driver of economic empowerment across Tanzania.