Saving for your loved ones' education has never been so easy

Kinfundi is a new category of employee benefits that enables and assists companies and their staff to save for future tuition fee expenses.

“Up to now, companies offered only the expected benefits like medical aid and group life insurance. Now they can also offer an educational savings benefit to their staff,” says Dakin Parker of TrustEd Bursaries, the company owns Kinfundi.

Kinfundi launches today, the 40th anniversary of the Soweto uprisings.

How does it work?
“Employers, employees and donors are essentially buying a digital voucher that, on redemption, is worth its face value in tuition fees at qualifying educational institutions. Think airtime but for education,” says Parker.

Members (i.e. your employees) buy Edu-Time Points (ETPs) to use on future education costs - for themselves, children or even broader - which may differ from company to company.

Companies deduct agreed-upon amounts from their employees every month, add their own contribution and remit these to Kinfundi, which in turn credits the equivalent ETPs to the employee members’ accounts and help them grow their balance via donor funding.

When the member needs to pay tuition fees, they redeem these ETP points and Kinfundi pays the educational institution directly on behalf of the member’s beneficiary.

For more in formation:
Visit the website at www.kinfundi.com
Telephone: (021) 823 9820
Email: hello@kinfundi.com