product term
DTB Academy is a product suite that provides targeted solutions to the education sector. See below the key offerings to both schools and parents:
Value proposition for schools:
- School fee collection and reconciliation: Collect and reconcile school fee payments with ease and at low cost.
Key features:
- Access to a mobile based fee collection platform
- Access to fee collection gateway
Benefits:
- Real time settlement of school fee payments into your account
- Notification to both school and parents on fee payment
- 100% reconciliation through validation with student admission number
- No transaction fees for incoming school fee payments in local currency
- School bus financing: Upgrade your transport fleet by taking advantage of 100% financing towards the purchase of school bus/vans.
Key features:
- Up to 100% financing
- Termly repayments acceptable
Benefits:
- No cash needed to pay deposit to secure the school bus/van.
- Flexible repayment period of upto 72 months
- Invoice discounting: Guarantee your school supplies by getting up to 80% financing for school invoices
Benefits:
- Enjoy flexible repayment terms
- Reduce stress on school cash flow
Requirements:
- School to have a collection account with DTB
- Duly accepted invoices from the school
- At least 50% fee collection through digital channels
- Unsecured lending to teachers: Through the TSC check off scheme arrangement, DTB provides affordable loans of up to Kshs. 8 million to teachers.
Key features:
- Repayment period up to 96 months
- Access to credit insurance and life assurance
Benefits:
- Loans are unsecured
- Affordable and competitive repayment rates
- Loan consolidation and top up acceptable
- Overdraft facilities: Apply for short term financing of up to 70% of your school fee collections to finance school operations.
Key features:
- Unsecured overdraft facility
- Overdraft limit of up to 70% of school fee collected via DTB account
- Maximum overdraft amount of up to Kshs. 50 million
- Repayments are aligned to cash flows and school calendar year
Requirements:
- DTB school fee collection account
- Use of DTB digital platform for school fee payments
- At least 50% school fee collected via DTB channels
