Floosna is a fintech app designed to address the financial challenges faced by Higher Education students, including tuition fees, limited income, unexpected expenses, and a lack of financial literacy. The app provides tailored financial solutions such as P2P lending, crowdfunding, and micro-financing, with a strong focus on chit funding. This community-based savings and borrowing system allows students to pool resources and access funds when needed, while also fostering disciplined saving habits. Floosna further supports students through educational resources available in Arabic and English, as well as expert consultancy for personalized financial planning, helping them achieve greater financial stability.
Financial challenges that higher education students face
Implementing the Floosna app provides financial empowerment for students through tailored solutions that enhance literacy and accessibility to resources like P2P lending and chit funding. It fosters community support, offers personalized insights using data analytics, and addresses challenges such as tuition costs and unexpected expenses, ultimately promoting greater financial stability in higher education.