In a move to address long-standing barriers to home ownership for working Ugandans, Stanbic Bank Uganda has partnered with Quesi Properties to launch La Valle Estate, a residential development designed to combine quality housing with accessible mortgage financing.
The collaboration leverages Stanbic Bank’s mortgage financing capabilities and Quesi Properties’ expertise in real estate development, enabling customers to purchase homes off-plan with phased construction financing over six months. This approach aims to improve affordability, reduce risk, and ensure value for money.
Phase 1 of La Valle Estate comprises 25 three-bedroom houses, while Phase 2 will deliver six additional three-bedroom homes and four four-bedroom villas. The estate will feature shared amenities, including a clubhouse and daycare centre, reflecting a focus on organised, family-oriented community living. A completed model house was unveiled at the launch.
Officiating the launch, Sam Mwogeza, Executive Director and Head of Personal and Private Banking at Stanbic Bank Uganda, emphasized the initiative as part of the bank’s deliberate effort to address real social and economic needs.
“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,” Mwogeza said.
Under the scheme, Stanbic customers can secure units through mortgage financing with interest rates structured below prevailing market averages. Customers can engage their relationship managers or visit any Stanbic branch to start the application process.
Damalie Kairumba, Head of Mortgage Finance at Stanbic Bank Uganda, highlighted the benefits of the partnership model.
“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.
Quesi Properties added that La Valle Estate reflects 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.
The project is expected to generate hundreds of direct and indirect jobs during construction, 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 prioritizes financial inclusion, job creation, infrastructure development, and sustainable community growth. As the Bank marks 35 years of operations in Uganda, projects like La Valle Estate underscore its long-term commitment to supporting the financial and wealth aspirations of Ugandans.
