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Eduloan Offerings

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Overview

Eduloan was established in 1996

We specialise in solutions for

Educational Institutions

• Educational loans

• Bursary management

• Monitoring tools

• Educational tools

We are committed to making education affordable and accessible to all aspiring

students

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Unlock potential

Impact on making South Africa & Africa more competitive through skills development

Enable bursars, HEIs and FETs to focus on core competencies

Through our services we aspire to...

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About Eduloan

EDULOAN: UNLOCKING POTENTIAL

Brand Resonance

Your catalyst for changing lives through education, by

enabling access to financial solutions.

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Level 3 BBBEE

19 years

EduloanFootprint

Eduloan overview Key relationships with:

All 23 Public Universities

Public and Private FETs

Institutions & Corporates

Associations

130 Trained Personnel in

South Africa

10 Trained Personnel in

Zimbabwe

48 branches throughout

the country

5 Retail braches

6

UN

IVERSIT

IES

PU

BLIC

FETS

OTH

ER

Eduloan Higher Education Institution clients

7

PRO

VIN

CE

UN

IVERSIT

IES

VEN

DO

RS

Gauteng City Region Academy (GCRA)

Premier’s Office (North West)

Medunsa

CO

RPO

RATES Zululand Antracite

Eduloan Bursary Management clients

Dell Foundatio

n

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Individual accommodation vendors = 130

Individual food vendors = 130

Individual book vendors = 130

Merchants

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Eduloan

Product

offering

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Educational Loans

Technology offerings

Bursary management

Value added service offering

What do we offer?

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Flexible loan offerings:

• Loans at a preferential rate

• NO deposit

• Affordable monthly repayments

• Fixed interest rates loans i.e. borrower pays a fixed installment for the period of loan

• No lengthy repayment period – when you’re done studying, you’re done paying

Easy/accessible application process

• Direct access to customer relationship centre

• Direct link on internet

• Face to face (kiosk / open days)

• Branch network (48 branches country-wide)

Our loans offering

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Automated Credit vetting & Validation of loan

Loan Administration

• Real time service model – Customer relationship Centre

• Various Branch Networks

Automation of collection

• Government salary deductions: Qlink

• Corporate Payments: Payroll officer

• Debit order deductions: Individual’s bank account

Account Default Management

Loans Life Cycle

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Due to our various partnerships with reputable companies such as hp,

Mecer, Acer and Incredible Solutions we are able to offer competitive

computer technology and base pricing on volume.

• Aspire tablets – Maths & English programmes

• Tablets and computers sourcing based on the specifications of the client

• Sourcing of suppliers of accessories such as architecture or medical

equipment. Payment can be facilitated through an Eduloan loan or

loaded on the Eduxtras card.

Laptop initiatives

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Funds management

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Our fund management solution assists both students and bursars with

effective budgeting and management of bursary funds.

• Bursary funds are correctly disbursed as intended by fund providers

– The card & Cell phone technology provides a platform of independent pockets which can load the funds as

per the fund provider’s instructions, ensuring that the related expenditure is met.

– The current pockets allow for tuition, books, accommodation and meal expenditure.

– Additional pockets can be activated upon request

• Cashless debit card system enables over 220 000 students access their bursary funds

without any hassles.

• Students have immediate access to funds from the time of transfer

• Payments to merchants is quick and easy, e.g. Gogos in remote areas to receive their

payments quickly and free of any hassles.

• Transparent and professional audit controls supported by the necessary infrastructure for

effective bursary management

Eduxtras value proposition

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Pockets on the

Eduxtras card are

loaded with the

respective funds

PIN ensures fund

security

Provide access for:

• Books• Accommodation• Food

Learner spends

funds as intended

System logs

expenditure by

pocket allocation

Payments are

made to merchants

Institution/Bursary

provider receives

fund utilisation

report

Year-end

reconciliation

prepared for

Institution/ Bursary

provider

Eduxtras value chain

Initiate Activate Disburse Report

Student awarded

bursary

Institution/

Bursary provider

notifies Eduxtras

on card allocation

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Value added services

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Verification of information

Primary focus is to assist with the validation of information:

• Student validation

• Parent validation

Common fraud includes:

• Pensioners making false affidavits claiming their grandchildren are

orphans so they can get grants.

• Parents also falsely indicate that they are unemployed.

• Students claiming that they do not work and then earn a salary

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Verification of information

Our offering Validate the ID number as per Home Affairs and

provide the following information:

• Title, first name and surname

• Gender

• Marital status

• Deceased status

• Age group

• Location

• Estimated income

• Bureau Adverse Indicators

• Probability contact scores

• Probability of payment scores

• Home telephone number 1 to 3

• Work telephone number 1 to 3

• Cell number 1 to 3

• Email address

• Occupation 1 to 3

• Employer 1 to 3

• Directorship confirmation

• Homeownership confirmation

• Property transfer information

• Property transfer information

• Company/Directorship information

• Gazetted/Executor information if

deceased

The primary key in the data set is the SA identity number

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Vodacom M-pesa offering

• Partnership with Vodacom

• Mobile money wallet

• Prepaid M-pesa Visa card

• 15 000 outlets, SASWITCH ATMs and all stores that accept

Visa countrywide

• Cash stipends

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Many Institutions has the challenge of refunding or reimbursing payments

from non-registered students or overpayments from registered students.

Eduloan has built a system that would facilitate bulk payments of these

refunds.

• Eduloan has the facility to verify students’ ID and bank account.

• Payment of these students will be based on success of verification.

• The system has the ability to schedule regular payments over a period.

• Payments to be facilitated within 12 hours after verification.

Bulk refunds

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Benefits of a cashless environment:

InstitutionReduces incidences of theft and risk

Increasing safety of students and staff

Less fees

Assists in reducing the debtors book

and outstanding fees

Easy and quick loading of new student

cards

Multiple pockets where funds can be

apportioned accordingly i.e. books,

uniforms, food, fees etc. – all on a single

card

Transparent management tool of cash flow

Parent

Controlled - make sure funds are used

appropriately

To ensure there are sufficient funds for

essentials

Multiple pockets where funds can be

apportioned accordingly i.e. books,

uniforms, food, fees etc. – all on a single

card

Decide how much is spent on each

essential pocket

Budgeting tool for parents

Budgeting education for your child

No transaction costs, no bank charges

Easy loading of funds

Minimal time for funds to be loaded on

child’s card

Automated Access to statements reflecting

fees and spending

Preselect your scheduled payments on fees

Student

Know that you have funds safely tucked

away for essentials like food, fees,

transport and books

Allow you to concentrate on your studies

No swipe fees – your R500 stays R500

Remove the fear of carrying cash at school

Learn to budget and manage your money

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Cashless environment

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Cashless Cards for primary schools

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The end-to-end, turnkey nature of our solutions,

close to 100% local content in solution

components, incorporating appropriate industry

standards, contributes to system sustainability

and the ability to cater specifically for any

requirements.

In conclusion