Buganda Land Board and Kenya Commercial Bank (KCB), will soon sign an MOU to enable KCB to join other financial institutions working with Buganda Land Board to extend credit to people living on Buganda Kingdom land, to acquire land titles and also to develop their bibanja. This was disclosed in a meeting between representatives from KCB bank led by Emmy Gakwaya and Godfrey Ssenteza and Ms. Nakalyango Rosette and Mrs. Cissy Kiyaga of Buganda Land board.
Mrs. Kiyaga in the red coat stressing a point during the meeting.
How LAFI works.
1. Applicant applies for a land title from Buganda Land Board through the LAFI service.
2. The financial institution of their choice will pay the costs needed for you to get a land title.
3. The financial institution then holds your land title as security and gives you credit to develop your land.
Ms. Nakalyango 1st from right also stressing a point during the preparatory meeting.
The other partnering financial institutions so far are;
1. Centenary bank.
2. Opportunity bank.
3. Finance Trust bank.
4. Post bank.
6. Tropical bank.
7. Bank Of Africa.
11. Vision fund.
12. Yako microfinance.
13. Bridge Credit Finance.
14. Pride Microfinance.