MyCredit Limited, a licensed Digital Credit Provider (DCP), and Enkisoma Africa Limited, a leading independent education technology company, have announced a formal Memorandum of Understanding (MOU) to provide comprehensive financing solutions for educational institutions seeking to digitize their learning environments. The strategic partnership is set to increase access to digital learning tools, including computer labs, laptops, software, and educational content, for schools across the country.
The collaboration addresses one of the most significant hurdles for schools, the high initial capital outlay for technology infrastructure. Under the agreement, MyCredit Limited will leverage its specialized financing product, Kuza Elimu (Swahili for “Grow Education”), to fund the purchase of equipment and assets supplied by Enkisoma Africa.
Speaking at the MOU signing, MyCredit Managing Director, Mr. Wangaruro Mbira, stated, “This partnership is a game-changer for educational institutions that have struggled with the capital expenditure required to digitize. The Kuza Elimu product is specifically designed to remove those financial barriers, and by collaborating with Enkisoma Africa, we ensure that the financing is tied directly to high-quality technology and comprehensive, long-term support”.
MyCredit has committed KES 1.2 billion to enhance digital learning nationwide and expand access to modern education technology. The initiative will begin with a pilot program involving 150 private schools to raise awareness and improve digital penetration nationwide.
CEO of Enkisoma Africa Limited, Mr. Sankei Ole Kenga, commented, “Digital literacy and access to modern learning resources are non-negotiable for the future of our students. Our collaboration with MyCredit creates a powerful solution that not only delivers cutting-edge labs and content but also guarantees their successful implementation and sustainability through reliable financial backing. We are committed to ensuring that technology becomes an enabler, not a burden, for Kenyan schools”.
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