Firm launches back-to-school, varsity loan to ease education cost 

Students and parents seeking financial assistance for educational expenses have got a helper in a financial platform, AfriCred, which announced the launch of its ‘Back-to-School & University’ loan offer o f up to N10 million.

This initiative comes amid rising education costs in Nigeria, where many families struggle to afford quality education. ‘Back-to-School & University’ aims to bridge this gap by providing accessible financial solutions.

This initiative builds upon AfriCred’s existing global education financing programme, which has already approved over $700,000 for students at top universities worldwide since January 2024.

Responding to the increasing financial challenges families face in the pursuit of quality education, Chief Executive Officer (CEO) of AfriCred, Siddharth Maheshwari, stated: “We understand the pivotal role education plays in transforming lives and driving progress.”

With the introduction of ‘Back-to-School & University’, we are reaffirming our commitment to empowering individuals to pursue their academic aspirations without financial constraints.

“We are excited to extend the facility to students looking to study in Nigeria, having pioneered global education financing with approvals of more than $700,000 since January 2024 for top-ranked global universities.”

The launch of ‘Back-to-School & University’ reinforces AfriCred’s mission of promoting educational access and empowering individuals to reach their full potential. By offering flexible and affordable financing solutions, AfriCred strives to make quality education more inclusive for all segments of their Nigerian society.