Overview:
KCB Bank Uganda and Candle Light Property Services partnership aimed at providing affordable housing and flexible mortgage financing to Ugandans. Read more about the initiative.
KAMPALA, Uganda — KCB Bank Uganda has partnered with Candle Light Property Services Ltd. to offer affordable land and homeownership to Ugandans through accessible mortgage financing.
The agreement allows Candle Light to refer prospective buyers to KCB Bank, which will provide mortgage loans to qualified customers. The initiative aims to address a major hurdle in property ownership by combining flexible financing with transparent and legally sound developments.
Miranda Musoke, head of retail at KCB Bank Uganda, said the partnership will help the bank’s customers access “affordable, transparent and sustainable property solutions backed by competitive mortgage financing.”
“Together, we are making homeownership a dream and an achievable reality,” she said.
Filbert Kirama, managing director of Candle Light Property Services, said the collaboration will help the real estate company achieve its mission of creating organized and sustainable communities.
“Partnering with KCB Bank Uganda enables us to offer our customers the financing support they need, while upholding our commitment to transparency, quality and customer trust,” Kirama said.
Candle Light Property Services, a Ugandan-owned real estate company, focuses on offering affordable plots, flexible payment plans and developments with essential infrastructure. The company also promotes eco-friendly land use and assists first-time buyers with documentation processes.
The partnership comes as Uganda’s real estate sector experiences steady growth, driven by increasing demand for affordable housing.