Stanbic Bank has made available back-to-school booster financing.

In a bid to support parents, school owners, and suppliers smoothly transition into school reopening, Stanbic Bank has made available back-to-school booster financing.

The CEO of Stanbic Bank Uganda, Anne Juuko, says this will allow access to instant loans while schools will be able to borrow up to UGX 500 million. The bank also waived all accumulated interest on loans to private school owners for the year 2021.

The population growth is growing faster than the growth of the provision of services and we thank the private sector for helping us bridge the gap. – Kedrice Turyagyenda, the Director of Education standards,

In a LIVE session on Twitter, Stanbic Uganda Bank updated on the bid to support the Back to school process

2022 BACK TO SCHOOL BOOST FOR PARENTS, SCHOOL OWNERS, SUPPLIERS AND STUDENTS https://t.co/7aHNSgasKD

— Stanbic Bank Uganda (@stanbicug) January 5, 2022