By Adelowo Adebumiti
A Fintech company, AfriCred, is partnering with leading financial institutions in Africa to help students to access credit for their studies. With offices in Lagos, Kenya, United Arab Emirates (UAE) and Spain, the company offers short and long-term loans. Through financial institutions, instant tuition fee payment and living expenses travel credit cards empower students to take control of their higher education finances.
The firm streamlines the loan process by providing a wide range selection of leading global and Africa-based lenders at competitive rates, delivered with the best customer support. Chief Executive Officer, AfriCred, Sidd Harth said its mission is to empower students by offering convenient and affordable access to credit through robust partnerships with global financial institutions that provide loans at competitive interest rates, without requiring a co-signer or collateral. “We aim to ensure that no deserving student faces financial constraints for local or global university admissions,” he added.
Senior Manager, Jerry Opara, said the firm is partnering with various study-abroad businesses and higher education consultants to better serve their students. Director at ProU Education, Dr Piyush Jain, said: “We can finally support our study abroad aspirants with an entire financial suite of solutions from loans and proof of funds to remittance and travel cards.” On his part, Chris Velasco of Edison College, Canada, said the initiative would help students’ access higher education financing and fee payment.