Firm empowers African students with $3.2m funding

By Bolaji Okunola

AfriCred has announced the successful facilitation of $3.2 million in education funding for African students.

The funding was secured for students in Nigeria, Kenya, Ghana, and South Africa to enable them to pursue their academic aspirations at universities across the USA, Canada, and United Kingdom all at competitive interest rates of below 15 per cent.

On the importance of the initiative, Managing Director, AfriCred, Saddharth Maheshwari, disclosed that the project will help break financial barriers hindering students’ dreams of studying abroad.

“In today’s globalised world, access to quality education remains paramount, and AfriCred is committed to breaking down financial barriers hindering students’ dreams of studying abroad. Through strategic partnerships and innovative financial solutions, AfriCred has made significant strides in empowering countless students to realize their academic goals.

“We are thrilled to announce the successful facilitation of over $3.2 million in education funding for students. At AfriCred, we believe in the transformative power of education and are dedicated to providing students with the financial resources they need to pursue their dreams,” Maheshwari said.

In addition to traditional academic programs, the firm has formed strategic alliances with over 25 universities across the UK, USA, France, and Spain to offer guaranteed online degree loans.

These loans, available for a range of courses including MBA, BBA, MSc, Doctorate, and Diplomas, come with a remarkably low interest rate of just 10% APR.

“Our partnerships with leading universities underscore our commitment to providing students with accessible and affordable education opportunities. By offering guaranteed online degree loans at just 10% APR, we aim to support students in their pursuit of knowledge and empower them to thrive in today’s competitive academic landscape,” he added.

Among the prestigious universities where students secured loans with AfriCred are HULT, Northeastern University, George Brown College, Oxford University, Edison College, GBS Malta, York University, Trent University, Pace University, and many more.