The light Magazine

BRD boosts awareness on education loans and recovery

Written by: Ernest Nyetera
Tuesday, July 17th, 2018, 4:59

The Chief Executive Officer of the Development Bank of Rwanda (BRD), Eric Rutabana, has today said at a press conference in the capital Kigali that the new six-month campaign, which commenced July 17, will boost awareness of the bank’s education loan scheme.


Rutabana said that the campaign is expected to improve clarity on student financing and ensure improved recovery of the students’ loans.


“Life is all about opportunities we strongly believe that each Rwandan student deserves an opportunity to education. We contribute to Rwanda’s human resource development through providing student loans and bursaries to students in recognized tertiary education institutions within and outside Rwanda,” observed Rutabana.


He said that his bank, which took over this responsibility in 2016, wants to sensitize more beneficiaries to pay back so that they can fund more students every year as well as making the fund self-sustaining.


BRD has so far recovered Rwf5.1 billion since the Rwandan government entrusted it with this noble service.


Since 1980 over Rwf80 billion has been loaned to over 70, 000 Rwandans to pursue higher education, the bank statistics indicate.

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