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Terrence Mugova

Alliance enables Diaspora Zimbabweans fund education

August 23, 2019 • Breaking, Business Intelligence, Cloud Computing, Companies, Editors Note, Enterprise Solution, Featured, Finance & Banks, Finance and Banking, Innovation, Internet Banking, Mobile Banking, News, Technology, Virtual Reality

by MARCUS MUSHONGA
Acting News Editor
HARARE – A Zimbabwe-based education access and people improvement company and a United Kingdom (UK) finance technology firm have partnered to enable Zimbabweans in the European country to invest in the education of loved ones back home.

The partnership between Educate and SympliFi respectively is in realisation of the challenges Zimbabweans face in obtaining finance, especially in the current economic conditions.

It enables Zimbabweans in the UK to serve as guarantors for education loans.

SympliFi’s digital service enables the diaspora to complete the guarantor process in a matter of minutes on their phone or computer.

Terrence Mugova, co-founder and managing director of Educate, said the partnership with SympliFi would help advance the company’s mission of improving access to quality education for Zimbabweans

“We are so excited that we no longer have to turn away potential customers and can now help a larger part of the population, without any barriers or borders,” Mugova said.

Educate provides financing solutions to enable students to attend any one of its 53 education institution partners across Rwanda, South Africa, Zambia and Zimbabwe.

Maurice Iwunze, co-founder of SympliFi, pledges support to Educate’s mission of increasing access to education.

He said the Diaspora was eager to find new and innovative ways to support the economic empowerment of loved ones back home.

“We believe education is an integral part of that support,” said Iwunze said.

Zimbabwe has one of the continent’s highest literacy rates.

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