School Fees Loan

School Fees Loan

This loan is strictly for education purposes. It enables members to sponsor their children and themselves for primary, secondary, college and university education both locally and internationally. School fees loans may be granted to a shareholder/member even though he/she has outstanding loan on the following conditions;

  1. School fees shall be paid by cash or cheque sent directly to the schools on members request or on the credit committee’s directive.
  2. A member should provide a report card and a fee structure as evidence of school fees requirement and shall be required to complete an official form where names of their children, the names of schools and the amount required for each child will be shown.
  3. Maximum repayment shall be twelve (6) months
  4. Interest rate shall be as approved by the Board of Advisors.

School fees loans  below UGX. 1,000,000 shall be approved by the staff management credit committee in consultation with chairperson.