Gov’t urged to invest recovered SFAR loans

Local financial experts have advised the Rwanda Education Board (REB) to invest the money recovered from its loan repayment scheme in short-term interest generating projects.  The money which is collected from former beneficiaries, who graduated from universities and are now in gainful employment, was formerly collected by the Students Financing Agency of Rwanda, (SFAR), which is now part of REB. The experts, who were contacted by The New Times, said that reinvestment would protect the money from depreciating in value, especially because it is not spent at once.