• Fri. Dec 8th, 2023

Housing Finance Bank

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TAMBUZA Organization! Housing Finance Bank launches competitive trade finance solution


Housing Finance Financial institution has released a competitive trade finance options marketing campaign dubbed “Tambuza Business” (Go your business).

The marketing campaign is aimed at simplifying the trade chain by means of facilitation of buy, sale and movement of items and services from sellers to potential buyers domestically and across borders.

In line with the bank’ vision to be the favored business and customer lender, the Tambuza Small business Marketing campaign is offering up to UGX 500M unsecured bid bonds inside of 24 hours.

Buyers also have entry to other quick-term amenities together with overall performance assures, advance payment ensures, export and import funding, and doing work funds remedies – contract finance, supplier finance, invoice/certification discounting, invoice discounting, LPO financing and substantially additional.

“This marketing campaign is strategically created to catalyze financial advancement via empowerment of organizations with hassle-free, economical, and relevant financial methods this kind of as these,” suggests the bank’s handling director, Michael Mugabi.

The traders—importers, exporters, contractors, and local traders— now have obtain to a broad selection of shorter-phrase solutions and solutions to elevate their small business.

“This campaign will guarantee all traders financial relief on Trade Finance amenities, auto asset financing the place importations are essential and agricultural export, and very same working day bid bond issuing. (24 hours),” Mugabi adds and goes on to pressure: “Housing Finance Bank features tailor-made Letters of Credit rating (LCs), which are a financial instrument that guarantees payment to a supplier when distinct conditions are achieved. With LCs, business enterprise proprietors can be self-confident that their suppliers will be paid out on time, which can help them to establish much better interactions with their associates and steer clear of supply chain disruptions and build trust-based mostly partnerships.”

“Our Trade Finance solutions are intended to deliver our consumers with unmatched price, and we are confident that this marketing campaign will assist them regulate their dollars flow, regulate enterprise challenges, boost their creditworthiness, and get accessibility to performing funds.”

According to Angela Ndawula, head of business enterprise and institutional banking, Housing Finance Bank continues to present client-centric answers, and the Tambuza Organization Trade Finance marketing campaign is no exception. The bank encourages customers to take gain of the Tambuza Organization campaign and renovate their companies.

“We are confident that the campaign will aid enterprises in Uganda entry the funding and assistance they will need to be successful,” she suggests.


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