Housing Finance Bank has launched a new trade finance campaign named “Tambuza Business” aimed at simplifying the trade chain by offering convenient and affordable financial solutions to traders.
The Tambuza Business campaign is designed to empower businesses, including importers, exporters, contractors, and local traders, with a broad range of short-term products and services to elevate their business.
The campaign offers unsecured bid bonds within 24 hours, performance guarantees, advance payment guarantees, import and export financing, and working capital solutions such as contract finance, supplier finance, invoice/certificate discounting, LPO financing, and much more.
With up to UGX 500M in unsecured bid bonds, the campaign guarantees all traders financial relief on trade finance facilities, vehicle asset financing, agricultural export, and same-day bid bond issuing.
With tailored Letters of Credit (LCs), a financial instrument that guarantees payment to a supplier when specific conditions are met, Housing Finance Bank offers an additional layer of security to its customers. The Tambuza Business campaign is strategically designed to catalyze economic growth by providing businesses with financial solutions that are affordable, relevant, and convenient.
As a customer-centric bank, Housing Finance Bank continues to provide relevant solutions to its clients, and the Tambuza Business Trade Finance campaign is no exception. The bank encourages customers to take advantage of the Tambuza Business campaign to transform their businesses.
With this, the bank is empowering traders with convenient and affordable trade finance solutions that will help them elevate their businesses. Through this campaign, businesses can build stronger relationships with their partners, avoid supply chain disruptions, and develop trust-based partnerships.
What they said
“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.” – Managing Director, Mr. Michael K. Mugabi.
“We are confident that the campaign will help businesses in Uganda access the funding and support they need to succeed.” – Angela Ndawula, Head Business and Institutional Banking.
