Africa's First Education Sector Focused Digital Bank
EduGlobalBank by Chanelle MFB Ltd. is a Digital Bank Licensed to Chanelle Microfinance Bank Ltd. and which is Africa's First Education Ecosystem focused Financial Services Brand. Asides the Education Sector, Our Products also cater to the Health Sector, the Clean Energy Sector, and Women Enterprises.
Why choose EduGlobalBank by Chanelle MFB?
We leverage Open Banking to provide the much needed Financing for Schools, Teachers, and Students in order to Eliminate Illiteracy in Africa through Our Offering of Education Sector Focused Financial Services.
Loans to Schools
Loans to Teachers
Loans to Students
Our Products
Here are some of the products we have that completes our ecosystem.
Loans to Schools, Teachers, and Students
Schools, Teachers and Sponsors of Students can borrow as much as they wish; Minimum and Maximum Tenor, Refinancing, and Interest Rate varies.
Payments Services for Schools, Teachers, and Students
Our Fees Payment Solution Services is a Service designed to help Schools collect Payments digitally which brings about Convenience for both Parents and School Owners, fraud prevention, proper Accounting, and proper financial documentation, Financial record keeping and data management for Credit Scoring and Loans Application. Also, for Teachers and Students to make simple Transfers and Receipts of Funds into and out of their Bank Account.
Pension For Teachers
The Teacher will start collecting a Monthly Pension Payment of 50% of Pre Retirement Monthly Salary every month till he/she dies. This can start only when the Teacher has retired and is over 50 Years Old.
Health Insurance for Teachers, and Students
With our Health Insurance, Teachers and enrolled Students are able to take advantage of our partnerships with Primary Healthcare Facilities in all the Federal Constituencies spread across the 36 States of the Federation and all the Area Councils of the FCT to get Quality Primary Healthcare Services which include Consultancy, Emergencies, Ambulance Evacuation, Outpatient Services, Dentals, Laboratory Tests, Free Drugs, Radiology and Scans, Hospital Admissions/In-Patient Services, Telemedicine, Sickbay Services, Home Delivery of Drugs, etc.
Savings Accounts for Schools, Teachers, and Students
Whether you are saving for a project as a school or saving for the rainy days as a teacher, or you want to save for school fees as a student, you can save your money digitally, easily and conveniently with EduGlobalBank Savings Account.
Insurance for Schools, Teachers, and Students
Our Insurance products include Education Insurance for Students, Unemployment Insurance for Teachers, All-Risk Insurance, Fire Insurance, Keyman Insurance and many more for Schools.
Mortgage Loans for Schools and Teachers
A School can take advantage of our Commercial Mortgage for Schools to build or buy School Landed Properties such as Buildings and Lands and pay back the value of the Landed Properties plus Interest over a Period of time.
Equipment and School Bus Lease
A School can take delivery of Equipments such as School Bus, Computers, Air Conditioning Play Ground Rides, etc. and they pay back the value of the Equipment plus Interest over a Period of time.
Debt Recovery for Schools
We are able to Recover School Fees for which Payment has been defaulted upon by Parents to a School for any period between 3 Months and a Maximum of 3 Years; We do this by engaging the defaulting Parents using tools from Litigatory Tools, to Financial Intelligence Tools, to Alternative Dispute Resolution Tools, to Enforcement Tools, to Technological Tools.
Mergers and Acquisitions for School
We offer Mergers, acquisitions, and sale of established Private schools, School start-ups. If you are thinking of buying, selling or merging with a school, we would be pleased to provide you sound advisory in connection with the process. We also buy and help other Investors buy Equity in Private Schools. We also engage in Leveraged Buyouts, Takeovers, and all forms of Education Sector Focused Private Equity.