MMCL Finance Limited formally known as Miliki-Makazi Company Limited is a Housing Microfinance Company
which
was created and registered by the Business Registration and Licensing Agency (on the 24th day of July
2018)
with the certificate of incorporation number 137 185 008 MMCL FL's primary role is to promote and
facilitate
low or middle income households residing in urban towns, cities or villages, to bprocure and/or live in
affordable and adequate homes or shelters as well as enable them to generate incomes from
entrepreneurial
businesses which they can then use to sustain their livelihoods In this endeavour, MMCL FL offers a
range of
housing and business loan products to clients using various forms of product delivery channels.
With a BoT license, MMCL-FL has a broader mandate to offer a range of Products and Services which
include housing microfinance, microcredit to small and medium enterprises, individuals and groups
of individuals, provision of loan disbursement services for the delivery of credit programme of
Government,
agencies, groups and individuals, micro leasing, agency banking, micro insurance agency, equity
investment
and other activities as maybe permitted by the Bank of Tanzania from time to time.
The core focus of MMCL-FL's business is "Housing Microfinance." Nevertheless, when viewed in a broader
context,
"Housing Microfinance" encompasses a dual spectrum of housing and business activities. In this
comprehensive
perspective, MMCL-FL's business is inherently inclusive. As illustrated in the enclosed diagram
(insert), housing
microfinance serves as the intersection point between real estate development and microfinance. In
simple terms,
housing microfinance represents a fusion of microfinance and responsible, poverty-alleviating real
estate development
practices.