There was jubilation at Nabumali Boarding Primary School in Mbale last week as Equity Bank Uganda officially handed over a brand-new school bus acquired through the bank’s asset financing facility.
The financing solution enables schools, businesses, and individuals to obtain valuable assets without paying the full amount upfront. According to Ronald Sam Nakhasanga, Equity bank’s eastern regional manager, the school paid 20 per cent of the total cost, while the bank financed the remaining 80 per cent. The school will repay the amount over nine school terms, equivalent to three years.
“This initiative reflects our commitment to empowering education and supporting institutions that are shaping the next generation,” Nakhasanga said.
Founded in 1975 by missionaries, Nabumali Boarding Primary School remains a cornerstone of education in Bugisu sub-region. It is jointly owned by the Church of Uganda and the government, and is the only boarding primary school under the Universal Primary Education (UPE) programme in the area.
Head teacher Beatrice Katami Wachaya expressed gratitude to Equity Bank, noting that the new bus will greatly ease transport challenges faced by the school and the wider community.
“This bus is not just for the school but also for the community,” she said. “It will ease the transport challenges we have faced for years, especially when taking pupils to academic functions or transporting staff. As educators, we don’t just teach, we aim to make a difference in communities, and this is one of those ways.”
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