Cairo Bank Uganda Limited and Furaha Finserve Uganda Limited are excited to announce that they have entered a partnership to widen access to Uganda’s first purpose-based loans starting with school fees loan. The School Fees solution is built to ease the pressure many parents face every school term and provide their children the education they need without disruption. Cairo Bank joins other financial institutions that have come together to provide a country wide solution to a challenge around payment of school fees.
For countless families, school fees remain the key in determining whether a child stays in school, repeats a class, or drops out completely. With only a small fraction of learners completing their full education cycle, Uganda continues to lose potential on a scale that can no longer be ignored. Only 10% of children that started their primary school education in 2012 completed their S6 final examinations in 2024 with school fees being a major barrier.
This collaboration expands Cairo Bank’s market presence and digital capabilities by integrating Furaha’s purpose‑built education‑financing platform. The goal is clear: make school fees available, affordable, and timely for parents across the country, while supporting the broader education ecosystem that serves more than 20,000 schools and millions of children.
“This partnership represents a significant step forward in our commitment to enabling Ugandans access education financing and keep children in school. With very high school drop out rates, Cairo Bank is more than privileged in participating in this cause”.” said Ms. Sylvia Jagwe Owachi, Ag. Managing Director at Cairo Bank Uganda Limited. “By working with Furaha, we are deploying responsible financial solutions that make a tangible difference in the lives of Ugandan families and help parents invest in their children’s futures through uninterrupted education. Over the next couple of years, we would like to see how we can support one million children to stay in school. Furaha brings the cutting-edge technology that we badly needed to enable us meet this objective This is the beginning of many more purpose driven lending use cases that we will create together.”
“Our work with Cairo Bank is about impacting lives by providing access to purposeful financing to underserved Ugandans. Furaha’s mission is to use technology and solve financial challenges and bring back dignity to individuals. With education financing, we are giving parents back the confidence that school fees won’t determine their children’s futures” said Mr. Dennis Musinguzi, CEO of Furaha Finserve Uganda Limited.
Key features of the partnership include:
The service is available to the public by dialling *165*80#, or by downloading the Furaha App from the Google Play Store or the Apple AppStore. Customers can sign up using their National Identity Card via https://t.ly/Furaha-App.
Looking Ahead
Both institutions share an ambition to contribute to a future where more Ugandans can access purposeful financing starting with education financing. This partnership is part of a broader plan to roll out purpose led loan products across different segments that are impactful to reach more families and grow their incomes.
For more information, please contact
+256 (0) 800 211 025
Arie Towers, Plot 16, Mackinnon Road, Nakasero
OR
[email protected]
+256 (0) 326 220 200
1 Kololo Hill Drive, Kampala.
About Cairo Bank Uganda
About Cairo Bank Uganda: Cairo Bank Uganda is a subsidiary of Banque du Caire and has been a tier 1 bank offering financial services in the Ugandan market for 30 years. Cairo Bank Uganda is committed to providing a range of banking services in the market. Our tagline is “Growing with you”
For more information about Cairo Bank Uganda, visit: www.cbu.co.ug follow us on all our social media handles: @Cairobank
About Furaha
Furaha Financial is a Ugandan company that combines the capability of a robust technology ecosystem with purposeful intent to change people’s lives. Driven by innovation, accountability, teamwork, and integrity, Furaha Financial provides purpose-based financing technology and expertise to enable accessibility and financial inclusion. For more information, visit www.furahafinancial.com.
Furaha Finserve Uganda Limited is a financial technology business which acts as a software-based intermediary platform. The company does not provide loans or credit directly, and does not operate a payment system, act as a payment service provider or issue a payment instrument.
