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Housing Finance Bank Launches Its Incremental Housing Loan Dubbed ‘Zimba Mpola Mpola’

Housing Finance Bank senior management team poses for a picture with their stakeholders from Buganda Land Board, AFD, and Uganda Cooperative Alliance during the official launch of the Zimba Mpola Mpola Incremental Housing Loan in Bukalango.


Housing Finance Bank has today launched the Incremental Housing Loan to unlock opportunities for Ugandans to attain affordable home ownership and financial independence.

The housing deficit stands at 2.4 million housing units and Housing Finance Bank, a fully 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 through facilitating Property Purchase, Construction, Completion and Renovation financing has crafted a product targeting all Ugandans whether salaried or in the informal sector called the Incremental Housing Loan, in a 4 months’ campaign dubbed Zimba Mpola Mpola

According to Mr. Michael Mugabi, the Managing Director at Housing Finance Bank,  Housing Finance Bank now commands approximately 60 percent of all Ugandan mortgage accounts. This new product presents an opportunity for more Ugandans to achieve their dream of home ownership through HFB, the leading Mortgage partner.

“We are fully committed to bridging the housing deficit gap in the country and are always innovating ways to accomplish that.  We introduced 100% financing to enable the purchase or completion of residential property, entered partnership with low-cost housing developers, paved war for flexible loan repayments and are finally launching to the publics, the financing of Incremental housing projects. All the above initiatives are garnered towards closing the current 2.1 million housing units’ gap”. said Michael Mugabi, MD, Housing Finance Bank

“We thank our customer, Mr Mandela who invited us into his home to break the fast together here in Bukalango as a seal of our lifelong commitment to unlocking his and Ugandans’ dream of home ownership. With Incremental Housing Loan, step by step construction is now a possibility for all. Whether you are salaried or a businessman, this product allows you to “kuZimba Mpola Mpola”. he added.


With this innovation, anyone can now easily access UGX 200,000 to UGX 50M in less than 3 days and repayable in 3 years for any incremental home building needs like land purchase, incremental home construction and home improvement needs like water-power installations, lavatory construction, painting, paving, etc.

Every Ugandan qualifies for this loan even those that are not Housing Finance Bank customers that is if you have these requirements.

  • Valid Identification
  • CRB financial card
  • Proof of reliable source of income
  • Security in form of land title, sales agreements, machinery, and chattels
  • In case of construction; a house plan for titled land and development fee receipts for kabaka’s land

The product has been tested and there are over 500 beneficiaries through collaboration with Boda Boda Association, Market Vendors, primary teachers, MSMEs and other working Ugandans in related trade and every customer that gets this product will be given a tree. This is in line with the sustainable development goal 11 which is to drive sustainable cities and communities.

6 thoughts on “Housing Finance Bank Launches Its Incremental Housing Loan Dubbed ‘Zimba Mpola Mpola’


    Am fully interested whats the interest rate 0701067879

  2. Ruth

    How about as outside Uganda

  3. Sematimba muhammed

    Am intrested

  4. Kanyesigye maureen

    Thank u so much for this innovation…is it working for only those on kabaka’s land or even those on mailo land

  5. Olugu Jackson

    Like it.
    I am the servant of God.
    How do I access it for home rehenovation?
    I’m left with fixing doors, windows, ceiling board and plustering.
    What’s the interest rate per annum?

    My home place in Iceme, Oyam but currently serving God in Kwania district.

  6. Otim Moses

    What must one have to get zimba mpola mpola loan

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