VICOBA BACKGROUND

VICOBA means "Village Community Bank" with registration Number 0714, originated at Mletele ward in Songea, Ruvuma Region in Tanzania. Now VICOBA Operate all over the country.  

VICOBA is the reflection of Grameen bank model of Bangladesh and Sewa Bank of India, structured in such a way that people especially in rural areas are organised in groups, trained self awareness, entrepreneurship skills , financial literacy , and other skills, then given loan, for income generation activities and investment to create growth.

VICOBA MODEL is a good TOOL to implement different policies, strategies, programs and projects,

VICOBA members have been implementing Millenium Development Goals (MDGs) National Strategy for poverty Reduction (MKUKUTA), Tanzania vision 2025 financial inclusion strategies etc