ETC officials in a group photo during the launch of the School Improvement Finance Loan Product
EFC Uganda has launched a new loan product called the School Improvement Finance Loan Product in a campaign named “Upgrade Your School.”
This campaign is aimed at enabling private school proprietors meet the goal of providing quality education to the young generation across the country.
Through this product, school proprietors are be able to improve their school infrastructure by; acquiring land for school expansion to cater for additional classrooms, dormitories, wash facilities, playground facilities, staff facilities, kitchenettes; undertaking Spot improvements like painting, wall-plastering, floor & wall-tiling, toilet uplifting; Purchase of fixed assets such as ICT equipment, laboratory equipment, furniture, projectors, whiteboards, textbooks, equipment for school gardening, school bus / vans as well as any other assets needed to facilitate the learning of students; and securing Working Capital enhancements plus any other purpose relating to school needs.
ETC Uganda Executive Director, Michael Ssekyondwa, stressed that “Quality Education is a key function to Uganda’s development. And the intervention of financial institutions to tackle some of the prevailing challenges cannot be overlooked. We are happy to be contributors to this great cause.”
He adds that all proprietors of pre-primary schools, primary schools, secondary schools, vocational colleges, and universities operating legally in Uganda are eligible to access this product with the criteria simplified to the dot with the minimum loan amount set at Shs2.5m.
“EFC Uganda remains committed to providing quick and easy access to financial services for the underserved,” Ssekyondwa says.
