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SAFARICOM FOUNDATION

MICRO LOAN FUND It is a micro lending Fund for Kenyans disbursed through Safaricom Foundation’s partners – Junior Achievement Kenya (JA) and Hand in Hand Eastern Africa (HiHEA) who have experience in group mobilization, business training and provision of access to micro credit. The Fund is available to individuals and community groups/alumni that do not […]

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The benefits of student loans in Kenya

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While having a lot of student loans can be burdensome, there are some upsides of graduating with a bit of debt, especially the one you acquire from the department of education. Sometimes it is absolutely necessary for a student to require some financial help so as to complete his/her education. As a student don’t be so sad about it as there are two sides to every opportunity, the bad and the good.

Interest rate reduction

One of the larger benefits of student loans is that the interest you pay on the loans is often deductible, meaning you can subtract it from your income, reducing your tax burden for the year. The loans offered by the ministry of education in Kenya is deductible once you have finished your schooling and been employed. This ensures you study without much hassle and make payments later once you are employed.

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