Operating a school is not just about having nice infrastructure in place but ensuring that the institution keeps running even when payments are delayed. With our current economic conditions, late fee payments have become a norm rather than exception which has the potential of grinding school operations to a halt. It was as a response to this that Family Bank launched its Inua Shule 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.
Here are five things that you should know about the facility.
Working Capital
A school just like any other business needs working capital in order to be able to operate. This working capital is what is utilized to pay for such things as fuel, consumables and even salaries.
However, late fee payments by parents can lead to a situation where there is little or no working capital. The Family Bank Inua Shule Facility steps in to provide this working capital so that the school can remain operational as one wait for fees to be paid.
Tailored for Educational Institutions
Schools by their very nature have unique cashflow cycles which are different from other businesses. This is due to the fact that they only receive payments when schools are in session meaning that there are months when they don’t have inflows.
As such, there is a need for a product which is tailored to meet the unique needs of a school. The Inua Shule facility is such a product that is tailored to meet all the needs of a school. From building infrastructure, providing water and even asset financing.
Financing Development Projects
For a school to be able to provide quality education, there is need to have adequate infrastructure. However, setting up this infrastructure can be an expensive affair something which has meant that many schools are not able to expand.
The family Bank Inua Shule facility ensures that schools are able to expand their facilities at ease. From providing Wash Financing, asset finance to JSS expansion, Family Bank has got you covered.
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 straining.
Do you own a school and are looking to expand? Look no further than the Family Bank Inua Shule facility where they not only give you the resources to thrive but are also a trusted partner in your journey.