In a move aimed at lowering long-standing barriers at home-ownership for working Ugandans, Stanbic bank Uganda and Quesi properties have entered a strategic partnership to deliver La Ville Estate– a planned residential development in Kasanje designed to combine quality housing with accessible mortgage financing.
The partnership, officially launched on Thursday, brings together Stanbic Bank’s mortgage financing capabilities and Quesi Properties’ real estate development expertise to enable customers to purchase homes off-plan, with construction financed through phased disbursements over six months — a model intended to improve affordability, reduce risk, and ensure value for money.
Phase 1 of La Valle estate comprises 25 three-bedroom houses, with Phase 2 set to deliver an additional 6 three-bedroom homes and 4 four-bedroom villas. The estate will include shared amenities such as a clubhouse and a daycare centre, reflecting a broader focus on organised, family-oriented community living. A completed model house was unveiled at the launch.
Officiating the launch, Sam Mwogeza, the executive director and head of personal and private banking at Stanbic Bank Uganda, said the partnership reflects the bank’s deliberate shift towards financing outcomes that respond to real social and economic needs.
He noted that the housing affordability challenge confronting Ugandans mirrors a global trend but is more acute in emerging markets where access to long-term, affordable mortgage finance remains limited.
“Across major economies, rising costs and tighter financing conditions have placed home ownership out of reach for millions. In Uganda, these challenges are amplified by structural constraints. Partnerships like La Valle Estate are one of the ways we are intentionally responding — by making dignified home ownership achievable for working Ugandans,” he added.
Under the arrangement, Stanbic customers can secure units through Stanbic mortgage financing, with interest rates structured below prevailing market averages. Customers may engage their relationship managers or visit any Stanbic branch to begin the application process.
According to Damalie Kairumba, the head of mortgage finance at Stanbic Bank Uganda, the partnership model addresses some of the most persistent obstacles in the housing finance ecosystem.
“Many Ugandans have the capacity to service a mortgage but are constrained by affordability, documentation requirements, or uncertainty during construction. This partnership allows us to offer phased financing, professional oversight, and competitive pricing — giving customers confidence and clarity throughout the home-buying journey,” Kairumba said.
The developer, Quesi Properties, said the collaboration was rooted in a shared commitment to quality, affordability, and long-term community development.
“La Valle Estate is designed to go beyond housing units, to create organised, liveable communities. Partnering with Stanbic Bank allows us to deliver this vision at scale, while giving buyers the assurance that comes with structured financing and strong institutional support,” the company stated.
Beyond home ownership, the project is expected to generate hundreds of direct and indirect jobs during the construction phase, particularly for skilled youth and local suppliers, contributing to broader economic activity in the area.
The initiative aligns with Stanbic Bank Uganda’s positive impact agenda, which prioritises financial inclusion, job creation, infrastructure development, and sustainable community growth.
As the Bank marks 35 years of operations in Uganda, it says partnerships such as La Valle estate signal a long-term commitment to supporting the financial and wealth aspirations of Ugandans — not only today, but in the decades ahead.
About The Author
