About ZHL
ZHL is a specialized mortgage finance business, and the first of its kind in Zambia. The company is owned by African Life Financial Services, Sofala Capital Pty (SA), and Saturnia Regna Trust.
Background
ZHL started its operations in August 2014, after receiving an operating license from the Bank of Zambia. As the first specialized mortgage finance company in Zambia, ZHL has a unique focus on serving the low to medium income groups, specifically helping them build or complete their houses.
Providing Affordable Housing Solutions
One of the primary goals of ZHL is to provide affordable housing solutions to the low to medium income groups in Zambia. The company understands the challenges faced by these groups in accessing financing for their housing needs and aims to bridge this gap.
ZHL offers a range of mortgage finance products tailored to the needs of its target market. These products are designed to make homeownership more accessible and affordable for individuals and families with limited income. The company provides financing for both the construction of new houses and the completion of partially built houses.
By focusing on the low to medium income groups, ZHL is playing a vital role in addressing the housing shortage in Zambia. Many individuals and families in this income bracket struggle to secure adequate housing due to financial constraints. ZHL’s specialized mortgage finance solutions help these individuals overcome these barriers and achieve their dream of owning a home.
Partnerships and Support
ZHL has established strategic partnerships with various stakeholders to enhance its impact and reach. These partnerships include collaborations with government agencies, non-profit organizations, and other financial institutions.
Through these partnerships, ZHL is able to leverage additional resources and expertise to better serve its target market. The company works closely with government agencies to align its initiatives with national housing policies and programs. It also collaborates with non-profit organizations to provide housing education and counseling to potential borrowers.
Furthermore, ZHL works with other financial institutions to expand access to mortgage financing. By partnering with banks and microfinance institutions, ZHL is able to extend its reach and provide its specialized mortgage finance products to a wider range of individuals and families.
Impact and Future Plans
Since its inception, ZHL has made a significant impact in the Zambian housing market. The company has helped numerous individuals and families realize their dream of homeownership, contributing to the overall development of the country.
In the future, ZHL plans to further expand its operations and reach. The company aims to increase its lending capacity and offer innovative mortgage finance solutions to meet the evolving needs of its target market. By continuously adapting and improving its services, ZHL is committed to making a lasting impact on affordable housing in Zambia.