Uchumi Commercial Bank (UCB) Limited was originally an initiative of the Evangelical Lutheran Church of Northern Tanzania, Diocese (ELCT-ND) pursuant to the decision of the Executive Committee Meeting of ELCT-ND 183 in 2002. On 16 September 2005, UCB was officially incorporated as a joint stock company under the Companies Act. It was granted a license to operate as a regional unit bank on 19 September 2005, Bank of Tanzania pursuant to the Banking and Financial Institutions Group Act; providing all normal commercial banking services in Northern Tanzania, mainly in the Kilimanjaro area.

Its main focus is on working with organized grassroots economic groups that have so far largely lacked bank accounts, mainly small and small individuals. Medium-sized Enterprises (SMEs) in Northern Tanzania.