At least 200 lucky parents stand a chance to win cash prizes worth Shs100 million when they pay school fees for their children through FlexiPay or Stanbic Bank agent banking channels, courtesy of a six-week back-to-school cashback promotion aimed at supporting guardians return their kids to school.

The back-to-school promo also allows salaried parents to access up to Shs250 million in advances to pay school fees for their children. To stand a chance of winning Shs500,000 in cash-back, parents must pay school fees through agents or FlexiPay.

School owners, can apply for an unsecured school bridge Finance Loan of up to Shs500 million or allow for a 100 per cent collection of the school fees through Stanbic and enjoy free comprehensive insurance coverage.

Sam Mwogeza, Stanbic Bank Uganda’s Executive Head of Personal and Private Banking, said the campaign is a timely intervention for its personal banking clients grappling with the challenge of finding resources to return children to school.

“We acknowledge that behind the over 15 million learners who must return to school this week, there is a parent stressed about school fees during what we know to be a challenging economic environment.

Through this promotion, we are offering parents and guardians an opportunity to access cash advances of up to UGX 250 million, to get them through this season,” said Mwogeza.

Mwogeza explains that the salary loan comes with up to 75 days of initial repayment holiday and an extended repayment tenure of up to 84 months as well as access to medical cover worth up to Shs18 million for as low as Shs600,000.

Parents and guardians who pay school fees using FlexiPay or through a Stanbic Agent over the next six weeks will automatically be included in weekly draws where they stand a chance to be picked among the 200 lucky winners to win Shs100m in cash-backs.