Leading financial firm Fidelity Bank Plc has emphasized its commitment to supporting schools in their efforts to provide high-quality education as the summer holiday comes to an end.
In a chat with journalists, Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede said, “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any nation and this informed our introduction of the Fidelity Edu Loan.
Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments.
“Similarly, schools can leverage the Fidelity Edu Loan to purchase fixed assets like school buses, generators and construct new school buildings.
The customer requesting the product must have operated their educational institution for at least three years and must be properly registered with the appropriate authorities.
“The Fidelity Edu Loan is part of our larger education finance proposition at Fidelity Bank as we aim to empower everyone within the education ecosystem, including the schools, parents and contractors, with amazing financial and non-financial products and services.
For instance, we have the Fidelity Personal loan which provides instant loans of up to N5million to employees of private and public organisations by simply dialing *770*08# from their mobile phones. This can become handy for paying school fees or meeting other personal needs”, explained Ede.
Over 8 million customers are served by Fidelity Bank, a full-service commercial bank with 250 business locations and online banking services in Nigeria.
The Global Banking & Finance Awards just named the bank Nigeria’s Best SME Bank 2022. In addition, the bank received honors for “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.