One year to support 1,000 teachers

On March 27, 2025, Exim Bank and teachers’ unions signed a partnership agreement aimed at improving access to credit and banking services for teachers across the country.

During the meeting, Guy Rwaburindi, Managing Director of Exim Bank, emphasized the importance of this partnership in supporting the education sector. “Teachers play a fundamental role in our society. In several countries, banks are specifically dedicated to them. We hope this initiative will contribute to a better structuring of the education sector by providing more appropriate financial support“, he said. The Managing Director also specified that the loans offered under the agreement will have a term of seven years, with the ambition of extending this period and improving the conditions offered to teachers in the future.

The objective of this collaboration is to support 1,000 teachers within one year. “We want to celebrate the success of this partnership after this first year and ensure that Exim Bank becomes a reliable and beneficial solution for teachers“, added Rwaburindi.

Mohamed Boina, Administrative and Financial Manager, explained that the agreement involves two major unions: the SNPC, representing secondary school teachers, and the SNIC, representing primary school teachers. This structure should enable effective loan monitoring. The partnership will also extend to all the islands, with a particular focus on extending banking services to teachers already engaged with other financial institutions.