School Loans

Ideal for schools that need to develop in terms of construction, purchase of furniture and equipment or working capital

Main benefits

  • Flexible repayment period-termly
  • Competitive interest rates
  • Affordable loan amount of 3m to 50m

Basic requirements

  • School must have an active account with PBU
  • Must be registered by the ministry of education and sports
  • Must have been in existence for at least 3 years
  • Must provide approval of the ministry of education to borrow in the case of Government schools
  • Audited financial statements for the last 3 years
  • Resolution to borrow by the Board of Governors or Board of Directors signed according to school mandate
  • Confirmed minutes of the board meeting at which the resolution was passed which must also indicate the security to be pledged
  • Security worth 150% of the loan value
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