Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Uganda: Primary Mortgage Market

UPMMI, the Ugandan Primary Mortgage Market Initiative, was launched in August 2007 by IFC (the International Finance Corporation) as a three-year program of training and technical assistance to the Ugandan mortgage and housing markets to increase access to, and decrease the cost of housing finance for would-be homeowners throughout Uganda. UPMMI was managed by PEP Africa and received support from DANIDA (Danish Aid), AfDB (African Development Bank), and FMO (Dutch Aid). The Frankfurt School of Finance and Management was chosen as the implementation partner. Ms. Pamela Hedstrom served throughout the program as a resident advisor and Wambui Chege as IFC’s project manager. UPMMI selected and hired its own staff: a lawyer, Vincent Agaba to address issues in the legal framework, and Paulo Luswata to assist with mortgage market development.

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