Affordable Education Financing | Furaha Finserve & SurePay Expand Access to School Fees
Fintechs tap education credit, players report volume surge
Uganda’s education financing gap is drawing increased attention from fintech players, as new partnerships seek to ease the burden of school fees on households. Furaha Finserve Uganda says the growth in digital payments is attracting more financial institutions into the education finance space.
Affordable Education Financing | Furaha Finserve & SurePay Expand Access to School Fees
In a move aimed at easing this pressure, Furaha Finserve Uganda Limited has partnered with SurePay, a leading school payments aggregator, to expand access to affordable and seamless school fees financing across the country.
Parents paying fees through the SurePay platform will now be able to access purpose based school fees loans instantly at the point of payment, offering a timely solution that helps keep learners in school without disruption.
Education Financing
Exploring sustainable models for Uganda’s education future.
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.
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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 […]