EFTA Launches New Campaign for School Bus Loans Without Collateral
Equity for Tanzania Limited (EFTA) has launched a comprehensive campaign to provide school bus loans without collateral for school owners and school transport service providers. The campaign, unveiled today in Dar es Salaam, aims to facilitate the acquisition of high-quality buses suitable for safely transporting students to and from school, under the motto: “Safe Ride, Bright Future.” This three-month campaign comes on the heels of the company’s successful initiatives in agricultural equipment f inancing, which have enabled over 300 farmers across the country to access loans for tractors and various farming implements. Speaking about the new school bus loan campaign, EFTA’s Managing Director, Mr. Nicomed Bohay, expressed the company’s pride in being a key partner for farmers who have benefited from EFTA’s f inancing support. “For over 20 years, EFTA has played a vital role in various sectors across the country, with a significant focus on agriculture. However, our commitment is not limited to agriculture alone. This time, we are expanding our support by launching this robust campaign that offers school owners the opportunity to acquire new buses to enhance their transportation services,” Bohay said.
“Safe Ride, Bright Future”
“Our goal is to ensure that school owners and service providers have modern, safe buses to serve students and staff efficiently,” he added, reinforcing EFTA’s commitment to creating a “Safe Ride, Bright Future” for every student. EFTA’s Chief Operating Officer, Mr. Leonce Malamsha, explained that the timing of this school bus campaign aligns with the company’s strategy to broaden its reach and empower other sectors with affordable loans for machinery and vehicles. “Through this campaign, we are collaborating with Africarriers, suppliers of Eicher buses and other brands, to finance school owners and transport service providers,” said Malamsha. He further emphasized the importance of addressing the challenges many schools and transport providers face with old, unreliable vehicles. “We recognize that many schools and transport operators struggle with outdated buses that are unfit for safely transporting students. This campaign is designed to assist them in upgrading their services with new buses, without the need for collateral,” Malamsha
