Dar Gets New Lender in Housing Finance Market

The First Housing Finance Tanzania Ltd shareholder Mr. Conrad D'souza briefs reporters about the new lender in the mortgage finance market in Dar es Salaam over the weekend. It is the first dedicated Housing Finance Company in Tanzania promoted by Bank M in partnership with HDFC, IFC, Karimjee family and Sanjay Suchak. Mr. D'Souza is also a member of executive management and Chief Investor Relations Officer for HDFC. Others in the photo from left are Bank M Director Mr. Simon Gregory, Aris Group executive Chairman Mr. Sanjay Suchak, IFC Resident representative Mr. Dan Kasirye and Karimjee Jivanjee Director Mr. Mahmoud Karimjee. (Photo by Staff Photographer)

A NEW mortgage financing firm, First Housing Company Limited, has been launched bringing into the market new affordable innovative mortgage products.

The company's Chief Executive Officer Mr Omar Msangi said in Dar es Salaam at the weekend that it will start operations with four new mortgage products namely home purchase, improving an existing home, extending an existing home and financing the equity in a home.

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