Making Sense of Borrowing To Pay School Fees
Uganda’s education system dictates that tuition fees are paid at the start of every term of three months, or in a lump sum, for the full year. The opening days of school therefore often turn out to be very stressful for parents, and head teachers too, due to the financial challenges with these terms of payment, only 30% of children have their fees cleared on day-one of the school term.
DTB Uganda & Furaha Finserve Uganda Limited, have signed a deal aimed at easing the burden of school fees for families across the country.
The collaboration introduces the DTB–Furaha School Fees Loan, a digital financing solution that gives parents timely and affordable access to school fees, helping children stay in school and complete their education.
New school fees loan scheme launched for struggling families
DTB and Furaha Finserve Partner to Keep Millions of Ugandan Children in School through affordable financing
Cairo Bank Uganda Limited and Furaha Finserve Uganda Limited Partner to Expand Access to Education Financing and Benefit One Million Children Over Next Five Years
Empowering Parents & Schools on Every Child’s School Journey
As the second and longest term continues, there’s the all too familiar buzz in the air: uniforms, stationery, and the phrase “school fees” in every other conversation. For school administrators and educators, it’s also a critical time for thoughtful planning, and the engine driving this planning? Timely payment of school fees by the start of […]
Leave No Child Behind: How Furaha Uses Digital Banking To Keep Kids In Class
If you’ve ever had to tell your child they can’t return to school because of fees, you know the pain. It’s a reality many Ugandan parents face every term; scrambling to raise money, taking small contributions from friends, or standing in long queues with no guarantee of help. We built Furaha to change that. From […]
Bigger Dreams Shouldn’t Mean a Bigger School Fees Burden
Every Ugandan parent dreams of a better future for their child. We imagine a world where they’re confident, capable, self-reliant and where they grow up with opportunities that may have been out of reach for us. We believe in the power of education to make those dreams real.
Fintech partnership set to transform Uganda’s education sector through purpose-driven lending
A pioneering partnership between Ugandan financial technology business Furaha, Opportunity Bank, and MTN Mobile Money is set to revolutionize education financing in Uganda. The innovative collaboration, announced on Wednesday, will enable Ugandans to access loans from Opportunity Bank via MTN Mobile Money, facilitating seamless payment of school fees.
New fintech partnership brings innovative lending to bridge funding gaps in Uganda’s education sector
The collaboration, involving Ugandan financial technology company Furaha, Opportunity Bank, and MTN Mobile Money, aims to improve access to education by offering seamless digital loan services. Through the initiative, Ugandans can obtain loans from Opportunity Bank via MTN Mobile Money, enabling direct and timely payment of school fees.