At least 1,100 private school proprietors have been equipped with essential skills to run sustainable and well-managed learning institutions.
Through an initiative by Premier Credit, the training sought to bridge gaps faced by schools in low income areas, particularly access to financing.
According to Premier Credit Head of School Loans James Kinyanjui, the program has boosted student enrollment, raised institutional standards, and enhanced financial literacy among proprietors.
“Through our tailor-made product, we are able to provide loans at affordable rates with the goal of creating social impact. Many proprietors previously lacked proper record-keeping and accounting practices, making it difficult to effectively run their schools,” said Kinyanjui.
Additionally, the firm further partnered with Strathmore University’s School of Business to strengthen financial management capacity among proprietors.
The training covered practical skills in budgeting, planning, accountability, and resource allocation.
“We also extend training to teachers, focusing on financial literacy, curriculum implementation, and running schools with a business mindset. This helps ensure that proprietors can sustain operations and even pay themselves consistently,” he added.
Launched in 2022, Premier Credit’s School Loans product has seen strong uptake, enabling school owners to better manage their finances while meeting national education standards.
