info@uniportloans.co.ke +254 739 652 513

About Us

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Our Mission

Enable bright Kenyan Students to pursue their preferred studies at a Kenyan University of their choice, irrespective of gender, ethnical and financial background.

Our Vision

Strengthen the economic social and ultimately peaceful development of the Kenyan Society thanks to the contributions of well-educated generations.

Loan Information

Annual amount of up to KES120,000 (depending on university fee, costs of living, other means available)

We currently charge a 13% interest rate per annum.

BACKGROUND INFORMATION

  • There are about 1m pupils who sit for their final exam in grade 8 called Kenya Certificate of Primary Education (KCPE) every year. The average number of students who sit for K.C.S.E(Kenya Certificate of Secondary Education)every year is about 500,000. Approximately 70% of students who qualify for a university degree actually enroll to universities. Sadly, less than 70% of those that gain entry to university do actually graduate. The main factor for these high drop-out rates is the inability of the students to fully finance their education.
  • There are NGOs that give scholarships to bright high school students who do not have the financial means to attend high school otherwise, e.g. Aiducation International, Palmhouse foundation, Kesho Organization, some banks etc. But there are currently no institutions (e.g. local banks, NGOs, lending groups) that provide university student loans.

  • The government provides subsidized loans (HELB) of max USD 600 p.a. to some selected top scholars. The number of students who receive HELB is very small; and that which Although important as a programme, it leaves many other students stranded, unable to finance their education. Furthermore, the HELB loan in most cases cannot cater for the full educational needs of fees, upkeep, accommodation and other school materials needed.
  • This situation drove us to find a way to help these bright, but financially restricted students to start and complete their university education, live their dreams and be a part of building the development that Kenya needs and deserves.

THE APPROACH

  • While the financial means to grant the loans initially come from Europe, the goal is to build a self-sustained Kenyan student loan organization in the mid-term, headquartered in Nairobi with a Kenyan management team and a mixed Kenyan/European Board.
  • The effort is driven by private initiative without any governmental involvement.