Product Purpose

Uganda Development Bank (UDB) offers Asset Finance as an alternative financing solution that enables businesses to acquire movable, semi-movable, or immovable assets without straining their working capital. Under this facility, the asset being financed serves as the primary security, making it particularly suitable for businesses that may lack traditional collateral such as land or property. UDB supports the acquisition of productive assets such as factory plants and machinery, heavy-duty and mechanical equipment, tools, printing equipment, motor vehicles for business use, solar equipment, and other eligible items as determined by the Bank. This product empowers enterprises to access critical equipment at current market prices, enhancing operational efficiency and productivity.