KCB Bank Uganda, a financial service provider that focuses on providing innovative banking solutions in Uganda has unveiled the Unsecured School Bridge Loan, a tailored financial solution designed to address the unique working capital and medium-term capital expenditure needs of education institutions. This offering reaffirms KCB’s commitment to empowering the education sector and driving access to quality education across Uganda.

The Unsecured School Bridge Loan is a financing solution for educational institutions. This product offers loan amount UGX 5 million to 500 million shillings designed to cater to immediate short-term operational needs. The loan tenor ranges from 90 days to 12 months and is strictly unsecured, enabling institutions access to the funds without the need for collateral.

Diana Komukama Ssempebwa, Head of Marketing and Communications at KCB Bank Uganda highlighted, “The loan is open to all registered educational institutions, including early childhood development centres, primary and secondary schools, technical institutes, community colleges, and universities. Both new and existing KCB customers are eligible, provided their school fees are collected through KCB Bank’s systems and the institution holds a valid license from the Ministry of Education and Sports.”

The Unsecured School Bridge loan offers the following benefits.

Operational Support: Funds to pay teacher salary arrears, purchase food stock, procure essential materials, and complete immediate repairs.

Capital Expenditure: Financing for medium-term needs such as classroom or dormitory expansions, sewage system repairs, and perimeter wall reinstatement.

Quick Turnaround: Loan approvals are completed within 48 hours, ensuring timely access to funds.

Flexible Repayment: Repayment schedules align with institutional cash flow cycles, such as during term or semester fee collection peaks.

Educational institutions interested in this solution can visit any KCB Bank branch or access more information on the KCB Bank website. Applicants must meet the following requirements:

Ø  Be a registered education institution licensed by the Ministry of Education and Sports.

Ø  Collect school fees through KCB Bank.

“At KCB Bank, we understand the critical role that education plays in shaping the future. The Unsecured School Bridge Loan is designed to provide education institutions with the financial flexibility they need to meet immediate operational challenges and support growth. This product underscores our promise to building resilient and sustainable educational ecosystems in Uganda,” concluded Ssempebwa.