Schools across the country are set to reopen for the second term on April 28 after a three-week holiday break.

While many parents enjoy the back-to-school season, primarily due to the guaranteed safety of their children at school, it is sometimes challenging due to the cost that comes with it.

Key to note in the 2025 second term is that it comes after the Easter Holidays celebrations, which may be financially straining for parents who fail to budget their funds accordingly.

However, parents facing school fees challenges don’t have to worry anymore, as various lenders across the country have rolled out solutions to help them meet their financial obligations.

For instance, the Cooperative Bank of Kenya has rolled out a school fees product for individuals with a salary or business account at the lender.

Borrowers can access an instant mobile loan of up to Sh1 million through the Mco-opCash mobile app available on Google and App Store.

“No forms, no calls, no security required,” Co-op Bank states.

To get started, customers are advised to first register on their phone before applying for the loan. Dial *667# or download the Mco-opcash app and select REGISTER.

Co-op Bank’s flexible loan terms you can use to get a truck or pick-up for your business

How to apply for Mco-op Cash loan:

• Dial *667# or open the MCo-opCash app and login with your MCo-opCash PIN
• Select E-loans
• Select Check Limit
• Click on Apply Loan and follow the steps
• The money will be deposited in your Mco-opcash wallet (This is a virtual account. The account number is your mobile number with ‘1’ at the end). You can transact directly from the wallet or transfer the money to your Salary or Business account.

After receiving the borrowings, parents don’t need to make a withdrawal as they can pay the school fees directly via the Mco-op cash app.

How to pay school fees on MCo-opCash

• Dial *667# or open the MCo-opCash app and login with your MCo-opCash PIN
• Select SEND MONEY
• Select CO-OP ACCOUNT
• Select OTHER CO-OP ACCOUNTS
• Select ACCOUNT TO TRANSFER FROM
• Select BENEFICIARY TYPE (ACCOUNT)
• Enter the BENEFICIARY ACCOUNT NUMBER
• Enter the AMOUNT
• If using the Mco-opCash App, enter the reason for payment as student number
• Confirm the transaction
• You will receive a confirmation SMS