MHB unveils school fees financing product

DAR ES SALAAM: Mwanga Hakika Bank has launched a new product, dubbed school fees financing to help parents pay for school fees to ease financial burden at the start of the year.

The month of January has been coming with a number of commitments to be fulfilled including school fees amid the economic hardship resulting from festive season spending.

The Bank’s Head of Retail Banking Mwinyimkuu Ngalima said in Dar es Salaam yesterday that Mwanga Hakika has come up with a solution that will change the situation for anyone who is looking for financial support to meet their obligations in January.

“Through school fees financing product, parents have the option to acquire an affordable loan, issued within 24 hours, to pay for school fees,” he said.

He said this product is a game changer for parents facing financial challenges at the beginning of the year.

“We are committed to helping parents ensure their children continue to access quality education without the stress of school fees payment,” he noted.

The school fees financing product allows parents to acquire an affordable loan with flexible payments spread out over up to 12 months, easing the financial burden at the start of the year.

This initiative aligns with Mwanga Hakika Bank’s mission to support the community and contribute to the development of education in the country.

“We understand access to education is a fundamental right, and initiatives like School Fees Financing are crucial in ensuring that financial constraints do not hinder children from acquiring education,” he said.

This product is available to all parents, guardians, or sponsors with children in both primary and secondary schools that have a Memorandum of Understanding with Mwanga Hakika Bank.

The application process is simple and quick, with minimal documentation required.

The Interested parties can visit any Mwanga Hakika Bank branch to apply for the School Fees Financing.

He said Mwanga Hakika Bank is dedicated to providing innovative financial solutions to address the needs of the community and the school fees financing initiative is a testament to this commitment.

With this new product, the bank aims to alleviate the financial pressure on parents during the challenging month of January, ensuring that children can continue their education uninterrupted.

In conclusion, Mwanga Hakika Bank’s school fees financing is a timely and much-needed solution to alleviate the financial strain experienced by parents at the beginning of the year.

This initiative exemplifies the bank’s dedication to supporting the community and ensuring access to quality education for all children.

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