Secure Your Child’s Future with a School Fees Loan

Every parent wants to give their children the best possible start in life, and a quality education is the most powerful gift you can provide. However, managing school fees, especially with the demands of running a business, can be a significant challenge. At SMEAZ SACCOS, we understand the journey of an entrepreneur. That's why we have designed a flexible and affordable School Fees Loan, created specifically for our members, to ensure your child's education never has to take a backseat.

Whether you're planning for primary school, secondary school, or university, our education financing is here to bridge the gap and provide you with peace of mind.

 

Who can apply for our School Fees Loan?

 

This loan is an exclusive benefit for members of the SMEAZ SACCOS. It is ideal for:

  • SME Owners and Entrepreneurs who need to manage their cash flow while covering educational expenses.

  • Parents and Guardians planning for upcoming school or university term fees.

  • New Members who are looking for a reliable financial partner for their family's future (a three-month membership is required).

If you are not yet a member, you can easily sign up today to begin your journey towards accessing this and many other financial products."

 

Features & Benefits of Our Education Financing

 

We have structured our loan to be as helpful and straightforward as possible.

  • Flexible Loan Amounts: Borrow based on your needs, subject to your savings (up to 6x your savings) and your capacity to repay.

  • Competitive Interest Rates: As a SACCOS, our goal is to empower our members, not to generate huge profits. Enjoy affordable rates that make repayment manageable.

  • Peace of Mind: We pay the school fees directly to the institution, so you can be confident that the funds are used for their intended purpose.

  • Build Your Credit History: Successfully repaying your loan strengthens your financial standing within the SACCOS for future borrowing.

  • Simple Application Process: Our process is clear and designed to get you the funds you need in a timely manner.


How to Apply: A Simple Step-by-Step Guide

 

  1. Become a Member: If you are not already a member of SMEAZ SACCOS, your first step is to become a member. You will need to be a member for a minimum of three months before applying for a school fees loan.

  2. Determine Your Needs: Get a clear invoice or fees statement from the educational institution.

  3. Submit Your Application: Existing members can click the 'Apply for loan' button on this page. You will need to provide the school's invoice and any other required documentation.

  4. Assessment and Approval: Our team will assess your application based on your savings, repayment capacity, and other criteria. We may discuss options like guarantors or collateral for larger loan amounts.

  5. Disbursement: Upon approval, the funds are transferred directly to the school, and you will receive confirmation.

 

Frequently Asked Questions (FAQ)

 

Q: How much can I borrow for school fees in Zimbabwe? A: The amount you can borrow is determined by your savings with the SACCOS (up to six times your saved amount) and our assessment of your ability to repay the loan without financial strain.

Q: Is there a waiting period for new members? A: Yes, there is a standard three-month waiting period for new members before they become eligible to apply for the school fees loan. This encourages a culture of saving and commitment.

Q: Do I need collateral to get a school fees loan? A: Not always. Many loans can be secured by your savings and guarantees from other members. For amounts that significantly exceed your savings capacity, we may require collateral security as a protective measure.

Q: Can I get a loan for university fees? A: Absolutely. Our education financing covers all levels of education, from primary and secondary school to tertiary institutions and universities.

Q: What happens if I require a loan amount that is more than my savings allow? A: In cases where the required amount exceeds your capacity, you have the option of putting up collateral security or having the loan guaranteed by other members or even non-members. Our team will discuss the best possible structure with you.

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APPLY FOR LOAN

Click on the button below to apply for a loan.

 


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The SMEAZ SACCOS is a regulated body registered under the Ministry of Women Affairs, Community & SME Development. Its funds and operations are controlled and overseen by strong independent committees drawn from its membership. Our products are safe, and tailored to meet your requirements as an SME.

Quick Contact

If you have any questions or need help, feel free to contact us.

+263 8677 240480

6th Floor Batanai Gardens,
57 Jason Moyo Avenue (Cnr First Street),
Harare, Zimbabwe