School fees paid on time.
Every term.
BoomFund finances school fees and collects them back. The school is paid up front so learning is never interrupted — the parent repays in instalments over the term through mobile money, card or bank payment, on a schedule built around when money actually comes in.
Fees are due in one lump sum. Income arrives in instalments.
Across low- and middle-income countries there is a USD 36 billion education financing gap. More than two thirds of it — USD 26.4 billion — is not schools needing capital. It is families needing a way to pay tuition that matches how they earn.
The mismatch is structural. Term fees fall due on a single day; a market trader, a boda rider or a smallholder farmer earns daily or seasonally. Research from Opportunity International's EduFinance programme found families at partner schools spend up to 30% of their income on tuition — a burden that pushes learners out of class and leaves schools chasing arrears instead of teaching.
Ten children arrive at the school gate and there are four desks. Multiply that across the world and you have, in EduFinance's words, “the reality for 244 million children worldwide who are out of school.” Andrew McCusker, Global Head of Opportunity, EduFinance
Figures from Oikocredit and Opportunity International's education finance partnership — read the study.
Five steps between an unpaid invoice and a learner in class
No branch queues, no guarantor hunt, no cash changing hands. The money moves from the lender straight to the school.
Apply in minutes
Parent applies with their ID and phone number. KYC is verified electronically before anything else moves.
Get a limit
BoomFund's credit limit engine returns an affordable amount based on the applicant's profile and repayment history.
Pick school & learners
Choose the registered school and add each child. One application can cover fees for several learners.
School is paid
Funds are disbursed to the school's account — never to the parent's wallet — and receipted against the fee statement.
Repay over the term
A weekly or monthly schedule with reminders before each due date. Pay by mobile money, card or bank payment.
School Fees Loan
A single-purpose facility that exists to clear tuition. It cannot be spent on anything else — which is exactly why schools trust it and why lenders can price it below general-purpose credit.
Paid direct to the school
Disbursement settles into the school's collection account and is receipted against the learner's fee statement. Purpose is enforced by the rails, not by promise.
One facility, several learners
Parents with more than one child in school apply once and split the limit across them, rather than running separate loans per learner.
A schedule that fits the term
Weekly or monthly instalments set against the school calendar, with SMS and email reminders ahead of every due date.
Charges shown before you accept
The processing fee, the instalment and the total repayable are itemised on screen. You accept the terms before a shilling moves.
Opt out any time
Once a facility is settled, a parent can leave the programme from the app. No lock-in, no renewal by default.
One platform, three sides of the same problem
Fees only work when the parent can afford the timing, the school can count on the money, and the rails clear it cleanly.
Keep them in class without emptying the account
You should not have to choose between this term's fees and this month's rent. BoomFund turns one large invoice into instalments you can plan around — and pays the school the same day, so no child is sent home.
Apply for school feesCollect the term's fees in the term they're due
Arrears are not a discipline problem, they are a timing problem. When parents can spread payment, schools stop financing households out of their own working capital — and the bursar stops spending the term on the phone.
Register your schoolAn education loan book, without building the engine
Education lending stalls because origination, disbursement and collection each need different plumbing. BoomFund is that plumbing — a merchant and loan management platform that takes an application from KYC through to a reconciled repayment.
Discuss a partnershipMoney moves on infrastructure Kenya already trusts
Disbursement and collection run over established payment channels, with automated reconciliation on both legs.
Built as lending infrastructure, not a loan app with a school field
Education finance fails on the operational detail — who gets paid, when, and whether anyone can prove it afterwards. That is what the platform is designed around.
Purpose-locked by construction
Funds never touch a parent's wallet. Disbursement goes to a registered school's account against a named learner, so the loan can only do what it was approved for.
Limits set on evidence
A configurable credit limit engine sizes each facility to what the household can actually service, and grows it as a repayment record builds.
Reconciliation, not guesswork
Every collection is matched back to a schedule and a settlement record automatically, whether it arrived by mobile money, card or bank payment.
Reminders before, not after
Configurable notification frequencies push SMS and email ahead of each due date — cheaper for the lender and less punishing for the borrower than chasing arrears.
Consent and exit on record
Terms acceptance is timestamped, and opt-out history is retained. A parent who wants to leave the programme can, and the record shows it.
Mission-aligned economics
Education lending only works where returns are not the sole objective. The platform is priced to make small-ticket fee loans viable for mission-driven lenders.
Frequently asked
Always to the school. BoomFund settles the fees directly into the registered school's collection account and the payment is receipted against your child's fee statement. This is what keeps the product a school fees loan rather than general credit, and it is why schools are willing to work with it.
Your national ID, a phone number registered in your name, and details of the school and learners you are paying for. KYC is verified electronically. No collateral and no guarantor are required.
Your limit is set by the credit limit engine based on your profile and, over time, your repayment record with us. Amounts, tenor, processing fees and interest are set by the licensed lender funding your facility. Every charge and the total amount repayable is shown on screen before you accept — nothing is disbursed until you do.
Yes. A single application can cover fees for several learners, including learners at different registered schools. You apply once and the limit is allocated across them, rather than running a separate loan for each child.
On a weekly or monthly schedule agreed at the start, by mobile money, card or bank payment. You will get an SMS or email reminder before each instalment falls due, and you can settle the balance early at any point.
Contact us before the due date if you can see a problem coming — it is far easier to adjust a schedule than to unwind arrears. Late payment consequences, including any charges and credit reference reporting, are set by the lender funding your facility and are disclosed in your loan terms.
The school needs to be onboarded first so that funds can be settled and receipted correctly. Send us the school's name and contact through the form below and we will approach them — onboarding a school is free and takes a short verification of their account details.
No. BoomFund is the technology platform that connects parents, schools and licensed financial institutions. Credit is provided by regulated lending partners, who set the terms and carry the credit risk. We handle origination, disbursement, servicing and collection.
Tell us where you sit, and we'll take it from there
Parents, schools, banks and telcos all start in the same place — this form.
Parents
Fees due and short on time? Start an application and we'll confirm your limit and your school's status.
Schools
Onboarding is free. We verify your collection account and fee structure, then your parents can apply against it.
Banks, MFIs & SACCOs
Bring the balance sheet; we'll bring origination, disbursement, servicing and collection. Book a walkthrough.
General enquiries
[email protected]
Nairobi, Kenya