Housing Finance Bank Signs off a Partnership with the Uganda Cooperative Alliance to Extend Affordable financial solutions to Cooperatives.

Housing Finance Bank Signs off a Partnership with the Uganda Cooperative Alliance to Extend Affordable financial solutions to Cooperatives.

Housing Finance Bank has signed a partnership with Uganda Cooperative Alliance (UCA) as part of their commitment to providing affordable home ownership and financial independence for all Ugandans.

As part of this partnership, Housing Finance Bank will establish a scheme where it will offer its loan facilities, relevant bank products, and services like Incremental Housing, Agent Banking services, and Agriculture Loans, etc to the eligible cooperatives under the Alliance.

According to Mr. Michael Mugabi, the Managing Director at Housing Finance Bank,partnerships with credible and like-minded organizations play a very important role in ensuring that Ugandans have access to affordable financing.

The housing deficit stands at 2.4 million housing units and Housing Finance Bank, a 100% government-owned commercial bank is championing the Sustainable Development Goal (SDG) 11.1 agenda; to ensure that by 2030, all Ugandans have access to adequate, safe and affordable housing, basic services and upgrade slums.

The Bank through its strategic pillar of growing a sustainable business by facilitating PropertyPurchase, Construction, Completion, and Renovation financing has joined hands withUganda Cooperative Alliance (UCA) an umbrella organization for over 23,000 registered cooperative unions and societies in Uganda.