• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Taking School Fees Stress away: Pegasus Technologies & Furaha Finserve Unite to Transform Education Loans 

Stephen Kalema by Stephen Kalema
5 months ago
in News
3 0
ShareTweetSendShare

Imagine a parent with the dream of sending their four children to school but facing the harsh reality of not being able to secure even a modest loan with a 20% interest rate. For many, this might seem like an impossible situation one that leaves their hopes for quality education dashed. But that struggle is now a thing of the past.

In a groundbreaking partnership, Furaha Finserve Uganda Limited and Pegasus Technologies Limited have come together to offer a solution that promises to ease the burden of school fee financing.

This collaboration aims to make education more accessible by providing flexible, affordable financing options that empower parents to send their children to school without the stress of overwhelming loan conditions. By promoting education through this innovative partnership, both companies are committed to shaping a brighter future for families and students across Uganda.

This collaboration combines Furaha Finserve’s expertise in technology built for purpose-based financing with Pegasus Technologies Limited’s innovation, digital payments experience, and commitment to education to create a seamless, user-friendly product for education financing.

Through this transformative partnership, parents and guardians can now access school fee loans from Furaha Finserve Uganda Limited through a partner bank (Opportunity Bank). The funds will be conveniently paid directly to schools via the PegPay App, a secure payment gateway owned by Pegasus Technologies Limited.

With a low interest rate of just 5% per month, this loan option provides a manageable solution for families, allowing them to spread payments over a three-month term. This collaboration ensures that education is more affordable and accessible, offering peace of mind to parents while empowering students to continue their academic journey without financial barriers.

While unveiling this exciting partnership on Friday at the Furaha offices on Kololo Hill Drive in Kampala, Mr. Yustus Aribariho, co-founder of Furaha Finserve, shared the initiative’s remarkable potential. He highlighted that the program, now available in over 1,000 schools, brings a host of benefits to parents and guardians.

These include affordable financing with low-interest school fee loans, a simplified application process that only requires a National Identity Card for easy onboarding, and direct payments with real-time transfers straight to schools. Furaha’s ambitious target is to help 1 million children benefit from this initiative, ensuring that more families can access quality education without financial strain.

“This partnership represents a significant step forward in our mission to make quality education accessible to all,” said Mr Ronald Azairwe, Pegasus Technologies Managing Director. “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.”

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”

He explained that this approach guarantees that the financing provided is used strictly for its intended purpose, ensuring both Furaha and the schools are protected. Without this system, where funds are given directly to borrowers, there is a risk they might divert the money for other uses.

“The schools always have the funds available, allowing them to enhance facilities, pay teachers, and provide meals for students, ensuring satisfaction for everyone in the value chain,” Mr. Aribariho emphasized. “For us, this product isn’t just about parents and children returning to school; it’s also about the sustainability of schools and their continued ability to provide quality services to the students,” he added.

The service is available to the public through the Google and Apple App Stores. Customers can sign up using only their National Identity Card by going to http://bit.ly/furaha-app on their smartphones.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

Business

#Paradise Island Resort: Sudhir Ruparelia’s Luxurious Eco-Retreat on Lake Victoria

6th July 2025 at 15:29
Lifestyle

Who’s Brigadier General Paddy Ankunda; his rise, military career, education, achievements

6th July 2025 at 14:56
Business

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Next Post

Radio listenership on Decline: How Digital and On-Demand Content Are Reshaping Uganda's Media Landscape

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1114 shares
    Share 446 Tweet 279
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    39 shares
    Share 16 Tweet 10
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    45 shares
    Share 18 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    120 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

#Paradise Island Resort: Sudhir Ruparelia’s Luxurious Eco-Retreat on Lake Victoria

6th July 2025 at 15:29

Who’s Brigadier General Paddy Ankunda; his rise, military career, education, achievements

6th July 2025 at 14:56

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

#Paradise Island Resort: Sudhir Ruparelia’s Luxurious Eco-Retreat on Lake Victoria

6th July 2025 at 15:29

Who’s Brigadier General Paddy Ankunda; his rise, military career, education, achievements

6th July 2025 at 14:56

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda