Learning institutions and parents in need of equipment to enable their children access lessons on e-learning platforms can now benefit from a new funding line announced by Absa Bank. The Covid-19 pandemic forced the closure of schools two months ago, prompting the government to recommend virtual learning. The lender has also reviewed its credit terms and is offering several relief options to cushion schools from the financial difficulties associated with Covid-19. The options include restructuring of existing loan repayments such that schools can request to reorganise existing facilities in line with their expected cash flows. Parents can also pay school fees using their Absa credit cards and clear the outstanding credit card balance in equal monthly instalments of up to 12 months.

Source: The Star May 15, 2020 18:00 UTC