How does the pension scheme work?
The pension scheme ensures financial security for retirees by requiring both employers and employees to contribute a percentage of the employee’s salary. Contributions will gradually increase to 12% starting January 2025.
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Mike Kwizera
How can an institution become a CHANCEN partner?
Institutions can contact CHANCEN to explore licensing options and integrate ISAs through the CHANCEN Portal. This enables them to offer inclusive financing to their students.
Mike Kwizera
What happens if I don’t get a job after graduation?
If you're unemployed or earning below the minimum income threshold, you don’t pay. The repayment only begins when you’re earning enough. This makes ISAs safer and more supportive than traditional loans.
Mike Kwizera
Who is eligible for CHANCEN International funding?
CHANCEN works with partner institutions. To be eligible, you must be accepted into an eligible program at a partner university or college in Rwanda or South Africa. Some financial background and academic readiness criteria may apply.
Mike Kwizera
What is an Income Share Agreement (ISA)?
An ISA is a flexible education financing model where students study now and repay later. Instead of taking a loan, students commit to paying a small, fixed percentage of their future income for a set number of years only if they are earning above a certain threshold.
Mike Kwizera
How does AFR implement its programs?
AFR works through strategic partnerships with government institutions, financial service providers, and development partners to drive systemic change and improve access to finance in Rwanda.
Mike Kwizera
Who does AFR primarily support?
AFR focuses on underserved populations including women, youth, rural communities, refugees, and micro, small, and medium enterprises (MSMEs).
Mike Kwizera
What is the main mission of Access to Finance Rwanda?
AFR aims to promote inclusive financial systems that enable low income individuals, women, youth, and MSMEs to access and use appropriate financial services to improve their lives and livelihoods.
Mike Kwizera
Does Kigali Public Library serve children?
👧The children’s section includes engaging books, reading spaces, and interactive programs tailored for young learners.
Mike Kwizera
Is there a café inside the library?
☕Yes the Shokola Storytellers Café, located on the top floor, offers Rwandan coffee and panoramic city views.
Mike Kwizera
What types of materials does the library offer?
📚A wide range including books (fiction, non-fiction, research), newspapers, magazines, e-books, audiobooks, and public computers.