Fidelity Bank Plc says it has introduced a bouquet of products designed to help schools run profitably and seamlessly.
Specifically targeted at privately-run primary, secondary and tertiary educational institutions in Nigeria, the collection of products include financial and non-financial products put together to help schools enhance the quality of services they render, scale their operations and increase revenue.
In a statement yesterday, Divisional Head, Brands and Communications, Fidelity Bank Plc, Meksley Nwagboh, said: “At Fidelity Bank, we recognize the importance of quality education in shaping the lives of the future generations and in spurring national development.
“Like most businesses, schools are faced with a myriad of issues that challenge their ability to run profitably. It is in response to this that we have developed a bouquet of services to enhance their smooth operations.”
With our school proposition, we are providing value-adding solutions for schools to run smoothly while the administrators can focus on imbibing the necessary knowledge in the students.
Some of the products include the Fidelity Eduloan, a customised loan product designed to meet schools’ short to medium-term funding needs such as expanding operations or acquiring assets like operational vehicles.
There is also the Fidelity School Management Solution or SchoolTry, a platform for students, teachers, and parents to get real-time updates on academic performance and for students to enjoy remote learning services; and the Bank Account Monitoring System (BAMS), which helps subscribing schools to monitor their bank account activity in real-time.
Schools can also access the Microsoft Imagine Academy, which helps students prepare for IT-careers with on-demand, industry-recognized courses and certifications.
“Our objective at Fidelity Bank remains to empower our customers with the necessary financial and non-financial services to scale their businesses. This is what we are known for across all our business locations.
“With our school proposition, we are providing value-adding solutions for schools to run smoothly while the administrators can focus on imbibing the necessary knowledge in the students. I should also mention we provide personal loans for parents to pay their wards’ school fees with flexible repayment terms,” remarked Nwagboh.
