Furaha Finserve Uganda Limited and Pegasus Technologies Limited have announced a strategic partnership aimed at revolutionizing education financing.
Through this partnership, Ugandans will be able to get school fees loans that the cash will be paid directly to schools through Pegasus’ PegPay platform.
With this partnership, a parent who has got a school fees loan from Furaha will be able to repay within three months.
enhance accessibility to school fee financing and promote financial literacy among parents and students in Uganda.
“This partnership represents a significant step forward in our mission to make quality education accessible to all,” said Ronald Azairwe, Managing Director of Pegasus Technology Uganda Limited, the owners of PegPay
“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.”
Yustus Aribariho, the Furaha co- founder said that with the biggest challenge to accessing quality education in Uganda being lack of access to finances, such a partnership comes in to plug this gap.
“One of the challenges we have had in this industry is that everyone tries to do everything by themselves and that is not sustainable. We will never be able to serve the public without these platforms. Modern day has given us opportunity to use data driven models to enable financing of our needs,” Aribariho said.
Mr. Dennis Musinguzi, Furaha’s CEO, added, “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.”