KE Student Loans

completed

_x000C_The proposed project is a risk-sharing student fee financing facility in Kenya. Under the project, loans will be made by a local bank called Commercial Bank of Africa (CBA) to eligible students and parents/guardians of students studying at Strathmore University to enable them to meet the cost of tertiary education. The loans will be of 12 month maturity and the students, their parents/guardians/sponsors will take out a loan amount to cover the annual tuition costs and will be required to repay the loan over the year in equal monthly installments. CBA will administer and collect the loans in cooperation with Strathmore University. To ensure minimal defaults on the loans, the University and CBA will need to communicate effectively.Once the facility is established, further developments are to offer long term loans to needy students with excellent secondary examination results whose families do not have the means to service loans.