Student Loans Disbursement
We partner with the High Education Council to contribute to Rwanda’s human resource development. BRD facilitates and ensures timely disbursement of student loans to those in recognized tertiary education institutions within and outside Rwanda, aiming at increasing equitable access and making the loan scheme efficient. The disbursement is done following the process below:
Student Loan Recovery
For the student loan scheme to be sustainable, it is paramount that students who graduate and have income generating activities repay their student loans in a timely manner. Currently, only 33% of student loans required can be awarded due to financial constraints. Our goal is to increase recovery of student loans to enable more Rwandans to have access to tertiary education thereby allowing the next generation to benefit from the student loan scheme. Deductions are only mandatory once a graduate starts earning an income and payment can be facilitated through an 8% monthly deduction until the loan is fully repaid. Online platform MINUZA facilitates payment of student loans by following the steps below:
Student bursary disbursement is facilitated throughout the entire process, from application to loan repayment, through Minuza, an internally developed student loan management system.
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Our Impact in 2021
1 Bn Frw
21 Billion RECOVERED FROM STUDENT LOANS BETWEEN 2016 & 2022
STUDENT LOAN BENEFICIARIES (LOCAL & ABROAD)
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