{"id":88258,"date":"2023-08-28T17:55:10","date_gmt":"2023-08-28T14:55:10","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=88258"},"modified":"2023-08-28T17:55:10","modified_gmt":"2023-08-28T14:55:10","slug":"parents-to-access-up-to-sh500000-aspira-school-fees-loan-online","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2023\/08\/parents-to-access-up-to-sh500000-aspira-school-fees-loan-online\/","title":{"rendered":"Parents to access up to Sh500,000 Aspira school fees loan online"},"content":{"rendered":"<p><span><b>NAIROBI, Kenya, Aug 28<\/b><strong> &#8211; Parents can now access loans for school fees through Buy Now Pay Later firm, Aspira.<\/strong><\/span><\/p>\n<p>Learners from Kindergarten to universities will be able to get funding from up to Sh500,000 under<span>\u00a0the Aspira Soma Education Loan facility.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to\u00a0Aspira Kenya COO Irshad Muttur, the credit can be accessed by\u00a0existing customers as well as\u00a0newly\u00a0onboarded clients.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Soma loan was launched in the country in a bid\u00a0to\u00a0empower\u00a0parents to offer their children quality education.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cKenyans place a high premium of education, and this facility\u00a0is designed to solve the challenges in paying school fees for students and aims to ensure\u00a0funds are available when the parents, guardians and sponsors need them,\u201d he said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cGetting timely access to education financing should not be a problem especially when it affects the welfare and future of your child,&#8221; Muttur added<\/span><\/p>\n<p><span style=\"font-weight: 400\">&#8220;Soma Education Loan is bridging that gap by empowering parents in terms of convenient and affordable finance so that our children can stay in school and learn.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Borrowers can repay the loans within the school term at an affordable interest rate of only two percent per month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Primary and secondary school learners are expected to resume their studies for the third term from August 29.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> More than 140,000 and 300,000 students are expected next month to report to institutions of higher learning and training colleges respectively with most parents raising concern over lack of funds to pay fees due to \u2018hard economic times.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Aspira Kenya was launched in 2018, allowing Kenyans to buy goods and services ranging from household goods and personal electronics to travel and insurance, on credit, with free credit assessment.<\/span><\/p>\n<p>While personal lending is capped at Sh500,000, SMEs can access up to Sh3 million to upscale their businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Aug 28 &#8211; Parents can now access loans for school fees through Buy Now Pay Later firm, Aspira. Learners from Kindergarten to universities will be able to get funding from up to Sh500,000 under\u00a0the Aspira Soma Education Loan facility. According to\u00a0Aspira Kenya COO Irshad Muttur, the credit can be accessed by\u00a0existing customers as [&hellip;]<\/p>\n","protected":false},"author":12320,"featured_media":88259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8607,7612,934,5806,4013,8724,7959,13454],"coauthors":[700],"class_list":["post-88258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya","tag-access","tag-aspira","tag-featured","tag-fees","tag-loan","tag-online","tag-parents","tag-school"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Parents to access up to Sh500,000 Aspira school fees loan online - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, Kenya, Aug 28 - Parents can now access loans for school fees through Buy Now Pay Later firm, Aspira. 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