Furaha, a financial technology business has entered into partnership with Opportunity Bank and MTN mobile money to offer education financing to Ugandans. The partnership announced on Wednesday will see Furaha enable Ugandans acquire loans from Opportunity Bank through MTN mobile money.
Furaha as a technology company continues to bring like-minded players to meet goals of the community. We want to do something different to change humanity. We have built a platform which enables customers acquire loans and send the money directly to school using MTN,” said Yustus Aribariho, the Furaha co- founder.
He explained that the loans will be provided by Opportunity Bank and go through MTN channel to ensure it reaches school directly. According to Aribariho, in their quest to impact over 10 million children in sub–Saharan Africa in the next five years, they have disbursed over shs1 billion , helping over 2000 learners to stay in school in the last five months.
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.
