Rwandan students to benefit from I&M Bank, Oklahoma Christian University affordable financing partnership
I&M Bank Rwanda, through its EduFinance Programme, has extended a Memorandum of Understanding (MoU) with Oklahoma Christian University–Rwanda to expand access to affordable higher education through low-interest academic loans.
Under the partnership extended on May 21, the bank will offer education loans at an annual interest rate of 9 per cent, down from the previous rate of 14.5 per cent, which is significantly lower than prevailing market lending rates. The loans will support eligible students recommended by the university for both Bachelor’s and Master’s degree programmes.
