Monday, June 17News That Matters

Housing finance bank launches competitive campaign to simplify trade chain.

Housing Finance Bank has hurled a Trade Finance Solution campaign dubbed “Tambuza Business” meaning Move your business.
The campaign is aimed at simplifying the trade chain through facilitation of purchase, sale and movement of goods and services from sellers to buyers locally and internationally
In line with the Banks Vision to be the preferred business and consumer bank, the Tambuza Business Campaign is offering up to UGX 500M unsecured bid bonds within 24 hours.
Customers also have access to other short-term facilities including Performance Guarantees, Advance Payment Guarantees, export and import financing, and working capital solutions – Contract Finance, supplier finance, Invoice/Certificate Discounting, invoice discounting, LPO financing and much more.
The campaign is also strategically designed to improve economic growth through empowerment of businesses with convenient, affordable, and relevant financial solutions such as these.
The traders (importers, exporters, contractors, and local traders) now have access to a broad range of short-term products and services to elevate their business.
This campaign will guarantee all traders financial relief on Trade Finance facilities, vehicle asset financing where importations are required and agricultural export, and same day bid bond issuing. (24 hours).
The bank’s Managing Director, Michael K. Mugabi said that Housing Finance Bank offers tailored Letters of Credit (LCs), which are a financial instrument that guarantees payment to a supplier when specific conditions are met.
He said that with the LCs, business owners can be confident that their suppliers will be paid on time, which can enable them build stronger relationships with their partners and avoid supply chain disruptions and build trust-based partnerships.
“Our Trade Finance solutions are designed to provide our customers with unmatched value, and we are confident that this campaign will help them manage their cashflow, control business risks, enhance their creditworthiness, and get access to working capital.” Said Mugabi.
Said Angela Ndawula, Head Business and Institutional Banking.
Angela Ndawula, the Head Business and Institutional Banking, said that the bank continues to provide customer-centric solutions, and the Tambuza Business Trade Finance campaign is no exception. The bank encourages customers to take advantage of the Tambuza Business campaign and transform their businesses.
“We are confident that the campaign will help businesses in Uganda access the funding and support they need to succeed”. Said Ndawula

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