The Estate Development Loan is designed for property development and construction
projects. With phased disbursement and competitive interest rates, this loan helps KCCA
staff members build their dream homes and investment properties with professional
oversight and support.
Features
- Land should be located in one of the Cooperative estates
- Present an approved building plan by relevant authorities
- Present Bills of Quantities (BOQs)
- Loan application can be filled through the Finhazi system
- Loan fees of UGX 20,000
- Loan insurance charged at 1% of approved loan amount
- Interest rate is 12.5% per annum
- Requires two (2) guarantors in good standing who are cooperative members
- Funds are disbursed in four construction phases:
- Phase 1: Advanced stage – 30%
- Phase 2: Completion of foundation and structural work – 30%
- Phase 3: Roofing, electrical, and plumbing installation – 30%
- Phase 4: Finishing works – 10%
- Certificate of completion required for final disbursement
- Site visit conducted at each stage of completion
Benefits
- Competitive interest rate of 12.5% per annum
- Phased disbursement ensures milestone-based accountability
- Professional site supervision at each project stage
- Support from cooperative throughout your construction journey
- Secure financing for residential or investment development
- Reduced financial burden due to staged releases
- Final funds disbursed upon verified completion
Requirements
- Must be a KCCA staff member
- Valid national ID or passport
- Filled-in loan application form (via Finhazi or manually)
- Land must be located in a Cooperative estate
- Approved building plan from relevant authorities
- Bills of Quantities (BOQs)
- Two (2) guarantors in good standing (must be Cooperative members)
- Guarantors' consent forms and identification
- Willingness to accept site visits at all construction stages
- Certificate of completion required for final disbursement