SCHOOL-ONLY DISBURSEMENTSchool Fees Loans
A SACCO member applies for education finance for a registered student and a verified partner school. When approved, the financed amount is paid to the school beneficiary account rather than released as cash to the member.
How it works
- Register or select a student/dependant in the Member App.
- Choose a verified partner school, academic year, term and published fee structure.
- Submit the school-fees loan application using the SACCO loan engine and required KYC/credit controls.
- SACCO reviews eligibility and the education beneficiary details.
- Approved funds are disbursed to the school’s verified settlement account.
- The school confirms receipt, the student ledger is updated, and the member repays the SACCO loan.
No member cash-out: Education financing is restricted to the selected school obligation. Changing a school settlement account requires SACCO-controlled verification.