Who we are

Eduaid™ Jamaica Limited is a privately owned organization incorporated under the laws of Jamaica on March 04, 2008 primarily to execute the business of providing a full portfolio of educational loans and complementary services. We will target students, parents, guardian and educational institutions.

We believe that the development of human capital is a national priority and it should be the endeavour of all that no deserving student is denied opportunity to pursue this priority for want of financial support. Loans for education should be seen as an investment for economic development and prosperity. Our intention is to play a central role in supporting an educated and flexible workforce.

The company’s aim is to fill a void in the student loans market by providing educational related loans not only for tertiary education but to individuals that cannot meet the requirements of larger traditional financial institutions, which require collateral and have more stringent underwriting standards for borrowers to satisfy. In addition we will provide structured working capital support, lease financing, project financing among others services to educational institution.

We are committed to provide parents and students with an outlet for education financing from an organization you can trust.

We will develop key strategic partnership and professional alliances with a number of key industry stakeholders. We will collaborate with value chain partners (e.g., schools, lenders, servicers) to promote responsible borrowing and help to align the interests of the value chain partners.

What do we do

Our core functions are to:

Offer financing for all levels of tuition- Schools, Universities or colleges. We are the only private financial company      solely focused on unlocking potential      through providing educational finance thus improving people’s lives by      access to education.

Provide information, advice and guidance on student finance

Pay tuition fees to education providers

Pay bursaries and scholarships on behalf of education providers

Collect loan repayments on student loans issued by our partners and agents

Provide financing and other complementary services to educational institutions

Board

The Board will ensure that the Company operates within a framework of prudent and effective controls and is fully compliant with applicable laws and regulatory requirements. The Board will approve the strategic objectives of the Company and evaluate its performance relative to these stated objectives. The Board will also establish Committees, each with clearly defined terms of reference, procedures, responsibilities and powers.

Management Team

Have the capabilities to help achieve the vision;

Support delivery of the mission

Reflect the importance of the loan portfolio as a significant asset and bring focus and additional investment to     Repayments;

Support improved customer focus and stakeholder management and

Increase the organization capacity and capability to pursue growth opportunities.

Corporate Social Responsibility

Part of being a great company is being a responsible corporate citizen. At Eduaid™ Jamaica Limited, we will use the term “sustainability” to describe our long-term approach to balancing our business priorities with our social, economic and environmental responsibilities. These efforts align with and support the company’s higher purpose of improving people’s lives by access to education.