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RenMoney Starts School Fees Loans


By Modupe Gbadeyanka

As part of its efforts to make parents give their children quality education and be able to pay for school fees without stress, RenMoney MFB Limited has entered into a partnership with schools to make access to school fees loans easier and faster for them.

In a statement issued by the company, the Chief Executive Officer of RenMoney MFB Limited, Mr Graham Lee, said RenMoney was commitment to providing simple money solutions to Nigerians.

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He said parents who meet RenMoney’s credit criteria can enjoy lesser interest rates and faster processes on school-related expenses such as tuition, registration, books, lunch, sports, etc. for their children or wards if the school they attend is in partnership with the company.

“Getting fast access to cash should not be a problem especially when it affects the future of your child.

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“RenMoney is bridging that gap and providing an enabling environment between school administrators and parents in terms of fees so that children can stay in school and learn,” Mr Lee was quoted as saying in the statement.

He added that RenMoney had encouraged schools to partner with them to make school fees period hassle-free for both schools and parents as qualified parents could access up to N2.5m loan and the fees paid directly to the school.

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Parents who wish to enjoy the school fees loan product, the statement said, could introduce their child’s school to RenMoney.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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