Fidelity Bank offers lifeline to private schools

Fidelity Bank Plc 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 the country, 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 chat with journalists, Divisional Head, Brands and Communications, Fidelity Bank Plc, Dr. Meksley Nwagboh stated that: “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.”

Products listed by the bank include the Fidelity Eduloan, a customised loan product designed to meet schools’ short to medium-term funding needs. The product comes in handy for schools considering expanding their operations or acquiring assets such as school buses and other operational vehicles.

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There is also the Fidelity School Management Solution also known as 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 at with flexible repayment terms,” Nwagboh said.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 6.5 million customers serviced across its 250 business offices and digital banking channels.

The Star