Parents will no longer suffer with paying school fees after Furaha Finserve Uganda Limited and Pegasus Technologies Limited announced a strategic partnership.
According to officials, with this partnership, parents will now be able to get school fees loans from Furaha and the money is paid directly to the school and the parent can pay back in three months.
This means the learner can enjoy uninterrupted education while the parent pays back the loan in installments up to the end of the term.
“The biggest challenge to access quality education in Africa are the finances. We are convinced that we can help reverse this by bring partners like Peg Pay . When a customer comes to our platform , we give them a limit of how much they can borrow from us to pay their school fees. Through this, we ensure convenience and affordability as the parent pays their schools fees,” said Yustus Aribariho, the Furaha co-founder.
“With Pegasus Technologies Limited, we are not just building Africa’s premier purpose-driven financial platform, we are rewriting the story of education access. Our collaboration of cutting-edge solutions and grassroots commitment ensures that school fees no longer stand in the way of dreams but instead drive hope and generational progress.”
Officials said the collaboration combines Furaha Finserve’s expertise in technology built for purpose-based financing with Pegasus Technologies Limited’s innovation, digital payments experience, and commitment to education to create a seamless, user-friendly product for education financing.
“This partnership represents a significant step forward in our mission to make quality education accessible to all,” said Mr. Ronald Azairwe, Pegasus Technologies Managing Director.
“This partnership unites innovation and purpose. We are dismantling barriers to education to ensure every parent’s sacrifice, every student’s ambition and every educator’s dedication is supported as much as possible.”
