Equity Signs MoU with the Kenya Private Schools Association as schools re-open

Equity has entered into a partnership with the Kenya Private Schools Association (KPSA) through the signing of a Memorandum of Understanding (MoU).

This will see the lender support and provide financial solutions to all private schools under the KPSA umbrella.

KPSA members will enjoy affordable financing for project development, working capital financing and for moveable asset financing cushioning them from the adverse economic effects of COVID-19.

Through this partnership, KPSA members will now access development and mortgage financing solutions of up to Ksh 200 million and unsecured facilities of up to Ksh 3 million.

KPSA Chairperson Mutheu Kasanga recognized the role played by Equity in supporting the development of the education sector.

“As KPSA, we have partnered with the Ministry of Education and other stakeholders to set up a framework that will enhance the quality of education for our children as well as address compliance issues. I wish to thank Equity for partnering with us especially during this period and for providing a variety of solutions that will meet the individual and corporate needs of our members.” she said.

Charles Nyoro, Equity’s General Manager, Asset Finance said that the partnership will see the lender strengthen its relationship with KPSA and deepen its support to the education sector.

“As schools re-open we are offering them integrated financial services that socially and economically empower our customers operating within the education sector enabling schools to recover from the adverse economic effects of COVID-19” he said.

KPSA represents private schools across the country including; kindergartens, primary and secondary schools, and private teacher training colleges, which are duly registered by the Ministry of Education and offering a curriculum approved by the Government.

 

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