Business

Housing Finance Bank, Bulooka App Launch Digital Trading Platform

Michael Mugabi (L), the Managing Director at Housing Finance Bank and Dennis Kamurasi, the Executive Director, Bulooka (U) Ltd after unveiling the digital trading platform

BUSINESS & INNOVATION: Housing Finance Bank and Bulooka App have today announced a new partnership as they launched a digitized platform that enables customers to acquire property and motor vehicles in a fast, convenient, and hassle-free environment.

In the newly unveiled platform, users of the BULOOKA APP will also be able to open bank accounts, pre-apply for a mortgage or chat with a Housing Finance Bank customer service assistant among other features.

Speaking at the launch of the partnership, Mr. Michael Mugabi, the Managing Director at Housing Finance Bank noted that this partnership is pivotal in riding on the current digital transformation to support businesses across the entire housing value chain.  

“I have personally encountered numerous absurd stories where prospective home-owners have lost millions of shillings through purchase of contested land, or been cheated by relatives under the guise of building for them homes particularly those in the diaspora without any means of tracking the construction process.” Mugabi said.

He added, “Against this background, Bulooka mobile app joins the housing eco-system at the right time to connect all sector participants by providing a free platform for advertising verified properties and connecting with the leading provider of mortgage financing in Uganda to offer on-hand credit support for the purchase of the desired property,”.

This partnership creates an integrated and simple to use platform where all real estate and property stakeholders interact seamlessly, cheaply and efficiently.

Michael Mugabi (L), the Managing Director at Housing Finance Bank and Dennis Kamurasi, the Executive Director, Bulooka (U) Ltd after unveiling the digital trading platform

Speaking during the launch, Mr. Dennis Kamurasi, the Executive Director, Bulooka (U) Ltd, explained that the partnership will change how real estate business is going to be done in this market.

“The Bulooka App functionalities will direct client collaboration, lead generation and digital advertisements that have a direct applicability to the housing industry as well as home ownership.  Our goal is to make all Bulooka App functionalities available to an audience nationwide through this partnership with Housing Finance Bank.”

Bulooka App, among others, offers 3 key features;

  • In-app account opening and pre-mortgage application and chat with banker ability.
  • Offline capability which allows users to navigate and transact in the absence of an internet connection.
  • Unlimited access to a wide variety of properties and vehicles where users deal directly with owners or their authorized agents.

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