Schools form an important part of our society; these are the places where children are transformed to become respected members of the society. Essentially, this is where the future of a nation is shaped. However, behind every successful school lies the challenge of managing finances. From paying teachers, improving facilities and even buying equipment. It was as a response to this that Family Bank unveiled their Inua Shule Loan facility.
The Inua Shule loan facility is a tailored financial solution that is designed to help schools that is primary, secondary and tertiary institutions meet their running costs. Thus, enabling them to focus on what matters most, that is educating the next generation of Kenyans.
The bank has various products under Inua Shule which includes.
Unsecured Loans
Family Banks offers unsecured loans of up to Ksh. 10 million that can be used to expand schools by adding more facilities like labs and even swimming pools.
Unsecured Wash Financing
As we all know, hygiene is paramount especially for schools. Family Bank offers Wash Financing that enables a school to ensure that their students have access to safe water and sanitation. From financing to dig boreholes, purchasing tanks and everything else that is involved in ensuring proper sanitation.
Asset Financing
Thinking of buying a new bus for your school? Family Bank has got you covered with their asset finance facility. The bank is offering 110% financing for the purchase of new vehicles which includes installation of a tracking device and comprehensive insurance.
JSS Expansion
With Junior Secondary being added into the curriculum, schools have been forced to go into an expansion drive so as to cater for this new crop of students. However, not every school is able to afford putting new classes. Family Bank has stepped into to ensure that they enable these schools to expand. The facility offers 90% financing as well as attractive interest rates.
Benefits of the facility includes.
Cashflow Management
Given the tough economic times that the country is experiencing, many schools are facing financial strain as parents delay fees payment. The Inua Shule facility enables schools to bridge this funding gap ensuring that their daily operations are able to continue without any disruptions.
Growth and Expansion
It is every school owners dream to be able to expand their facilities in order to ensure that they offer quality education as well as cater to demand. However, cashflow constraints at times a limiting factor. However, with the Inua Shule facility one can be able to grow and meet the demand without straining your resources.
Flexible Payments
Schools have a different cashflow cycle as compared to other businesses, as their funding comes at the beginning of the term when parents pay school fees. Family Bank recognizes this and offers schools flexible payment terms that align with the school fees collection cycles. Making it easier for schools to manage repayments without strain.
So, if you own or run a school and are looking to expand. Look no further than the Family Bank Inua Shule facility which not only enables you ensure that your daily operations run smoothly but also to grow and thrive.