I remember the days when taking a loan from a bank was frowned upon and people who borrowed from banks were seen as reckless risk takers. In fact when National Housing & Construction Corporation built the low cost houses in Naalya Housing Estate many eligible Ugandans passed up that offer to own these affordable units due to fear of taking on the mortgage financing that was available from Housing Finance Corporation as it was known at the time.
I still recall the look of shock and horror on the faces of friends and family the day my husband and I mentioned that we had identified a housing unit in the estate and that we were going ahead to sign mortgage documents that would make us the proud owner of a low cost three bedroom house in Naalya Estate.
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