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https://www.akdn.org/sites/akdn/files/media/publications/akam_mozambique_2012.pdf
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First MicroBank Mozambique - 2012 Report

The microfinance sector in Mozambique remains young but is becoming increasingly sophisticated as some institutions reach maturity. However, these microfinance institutions operate mainly in the capital, Maputo, while a vast number of the rural poor remain underserved.

To address this problem, the First MicroBank Mozambique (FMB-M) acts as a rural microfinance bank. The focus of its activities is Cabo Delgado, which is the northernmost province as well as the poorest in the country. At year end, FMB-M had a loan portfolio outstanding of US$ 53,000 and 87 borrowers.