In a major step toward expanding access to educational financing, the Student Revolving Loan Fund (SRLF) on Wednesday unveiled its new EduFlex suite of loan products at its Bridgetown headquarters.
Designed to reach a broader cross-section of Barbadians—from primary school students to adults looking to retool or reskill—the initiative is being hailed as a vital pillar of national development and a clear demonstration of the SRLF’s evolving mandate.
Permanent Secretary in the Ministry of Training and Tertiary Education and Chairman of the SRLF, Patrick McCaskie said the Fund was “one of the best state-owned enterprises in this country out of the 55 that I’m aware of”, thanks to its well-structured management and dedicated staff.
The new loan suite includes the back-to-school loan, the tech loan, and the professional training loan, with the back-to-school facility taking centre stage at the launch.
Minister of State in the Ministry of Foreign Affairs and Foreign Trade with responsibility for Training and Tertiary Education, Sandra Husbands, said the launch marks an important moment in Barbados’ journey towards educational equity and empowerment.
Interest rates for the loans are set at 6% for secured and 8% for unsecured loans. (LG)
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