Diamond Trust Bank (DTB) Uganda, a leading financial institution in the country, has announced a new partnership with Furaha Finserve Uganda Limited aimed at easing the burden of school fees for families nationwide.
The collaboration introduces the DTB–Furaha School Fees Loan, a fully digital financing solution that provides parents with timely and affordable access to school fees, helping children stay in school and complete their education.
Through the new product, parents can secure instant school fees loans that are paid directly to schools, reducing the strain of upfront lump-sum payments.
This initiative comes at a critical time. According to the Ministry of Education and Sports (MoES), of every 100 children who began primary school in 2012, only 10 sat for their S6 examinations in 2024, with school fees cited as one of the biggest barriers to continued learning.
Speaking at the launch on Monday , Godfrey Sebaana, CEO of Diamond Trust Bank Uganda, emphasized that the partnership highlights DTB’s commitment to addressing real challenges faced by communities.
“Our partnership with Furaha Finserve Uganda Limited is built around one clear goal: keeping children in school. The DTB–Furaha School Fees Loan is a digital solution designed to ease the heavy termly pressure parents face,” he said.
The loan is designed for simple, secure, and fast access. Parents can apply through the Furaha App or by dialing 16580#. Only a National ID is required for registration.
Once logged in, users can enter the student number, select a preferred payment plan, and have the loan disbursed directly to the school. DTB branches across the country are prepared to support parents who may need assistance using the platform.
Sebaana noted that the initiative aligns with DTB’s long-term vision:
“Our goal is to support more than one million children to stay in school over the next five years. This is responsible finance in action and a direct investment in Uganda’s future.”
The partnership will also expand its impact in a second phase, introducing financing for electric motor vehicles in Kampala, as well as other productive assets like clean cooking gas, supporting Uganda’s transition toward cleaner and more sustainable living.
Dennis Musinguzi, CEO of Furaha Finserve Uganda Limited, praised the partnership as an example of purpose-driven digital finance.
“Our platform was built to solve real challenges, and school fees remain one of the biggest pressures on Ugandan families. Working with DTB allows us to scale this solution and ensure more children stay in school without interruption,” he said.
DTB is calling on parents, schools, and education stakeholders to embrace the new digital school fees tool. With more than 20,000 schools across Uganda, the potential for nationwide impact is significant.
The DTB–Furaha School Fees Loan is now live and open to all eligible parents across the country.