How these young Nigerians turned their class project into a solution that helps with house rents
- Ule Homes was founded in 2024 by Chisom Okorie, Omolade Akinwumi, and Azeez Abdulyekeen to address housing challenges in Nigeria.
- The startup has disbursed over ₦700 million in rent and housing finance to more than 182 customers within its first year.
- Ule Homes allows tenants to pay rent in monthly installments instead of lump-sum payments, easing the financial burden.
Ule Homes represents a significant innovation in the Nigerian housing market, addressing a critical need for accessible housing finance. However, the reliance on external financial partners and the volatile economic environment pose risks that must be managed for long-term sustainability. The integration of credit education and plans for expansion could enhance its competitive advantage and market reach.
