{"id":2352,"date":"2020-04-21T11:07:18","date_gmt":"2020-04-21T08:07:18","guid":{"rendered":"https:\/\/finstockevarsity.com\/resources\/?p=2352"},"modified":"2023-04-15T10:17:22","modified_gmt":"2023-04-15T07:17:22","slug":"the-elearning-controversy-finstock-lms-has-a-solution","status":"publish","type":"post","link":"https:\/\/finstockevarsity.com\/resources\/the-elearning-controversy-finstock-lms-has-a-solution\/","title":{"rendered":"The eLearning Controversy: Finstock LMS has a Solution"},"content":{"rendered":"
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About the author<\/h4>\n
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CPA John Kimani is an experienced economic and business consultant who has wide experience in economic, accounting, auditing and business management issues. Currently a PhD Cand in Economics (UON), and a PhD Cand in Finance (OUT), he has a Master of Arts in Economics (UON), a Bachelors Degree of Commerce (Finance Option-UON), a CPA (K) and a Certified Information Systems Auditor (CISA). He is currently the CEO of Finstock Evarsity College.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The eLearning Controversy: Finstock LMS has a Solution<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The Government of Kenya directive seems to be that eLearning is the way forward, given the effect of the Covid -19 pandemic. This position was confirmed by the Cabinet Secretary for Education, Prof George Magoha, in the Covid-19 pandemic press briefings.\u00a0 However, prior to the pronouncement by the government, an interview hosted by Victoria Rubadiri of Citizen T.V , paneled by the Senior Deputy Director of KICD Jacqueline Onyango, Dr. Bitange Ndemo , an entrepreneurship professor at University of Nairobi, \u00a0and an education expert, Jonathan Wesaya, \u00a0debated whether eLearning was a myth or reality, and whether schools were ready. The panel noted that various forms of eLearning adoption had to be done, but also noted many challenges that seemed to point to lack of eLearning readiness by schools.<\/span><\/p>\n

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Finstock LMS captures user data from the point of enrollment, payments, performance, and progress, system use and certifications.<\/em><\/figcaption><\/figure>\n

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In particular, the panel noted that there is no panacea for the current challenges which included the lack of access to internet, high cost and inadequate access of learning devices, poor support infrastructure such as electricity and inadequate overall preparedness of players.\u00a0\u00a0 The big question then, is where should schools, colleges and universities start?. They should start by acquiring a cost efficient, cloud hosted, Scalable, ERP data management enabled, versatile learning management solution such as Finstock LMS<\/a>.<\/span><\/p>\n

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Cost efficiency is a big consideration when choosing an LMS.\u00a0 Luckily, Finstock LMS<\/a> was designed with an intention to empower those institutions with low purchasing power in Kenya in particular, and Africa in general. The set up and training costs for the cloud hosted solution is as low as kes 39,000 (Usd 390). In addition, the monthly leasing fees for small institutions with 0-300 students is zero (free) and this package is available \u00a0forever. Institutions with 301-500 students pay an additional monthly leasing fee of kes 50,000 (usd 500) which approximates to about kes 100 \u00a0(usd 10) per user per month, on top of the setup fees of kes 39,000 (usd 390). Higher packages with the upper limit of 1000, 1500, 2000, 2500, and unlimited users exist. Institutions with financial capability that want to save further costs can avoid the monthly leasing and do a one-off purchase of kes 6,000,000.\u00a0 The ability to lease a cost efficient cloud hosted LMS \u00a0such as Finstock LMS<\/a>, \u00a0implies that institutions can avoid the costly purchase of servers, and also avoid the costly maintenance and customization costs that become necessary with open source LMS. Furthermore, there is no need to incur salaries costs for in house developers.<\/span><\/p>\n