Standard Life Organization Launched a New Product - Education Loan
Standard Life launched a new product – EDUCATION LOAN, on Saturday, 27th May, 2023. The event was chaired by Mr. Baje Suru, the State Chairman of National Productivity Centre, Benin Zone while the Chief Launcher was Dr. Lemmy Russel, Edo State Chairman of the National Association of Proprietors of Private Schools (NAPPS.).
The emergence of the product is the aftermath of the organization’s collaboration with Opportunity International, which exposed, trained and equipped Standard Life Organization. The launching brings to an end the pilot phase of the product which was carried out in 8 branches selected among other within Edo and Delta States. Thus, the about 100 branches in the 20 Nigerian states where Standard Life Organization carries out operation at the moment are privy to offer the Education Loan product which encompasses School Improvement Loan (SIL) and School Fees Loan (SFL).
The main objective of this loan is to get children back to school. This the organization desires to achieve by empowering parents to meet their children’s school financial demands, assisting privately owned primary and secondary schools to acquire the much needed infrastructure, materials, equipment and liquidity to provide qualitative education for children of school age; support other players who assist schools with requisite supplies and supporting apprenticeship learning system where young secondary school leavers can acquire life skills. All extra moral lesson centres helping children to prepare for examinations are to benefit from this product.
