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CIRA, Beltone’s arm to offer education loan products

CIRA, Beltone’s arm to offer education loan products

ArabFinance: Cairo for Investment and Real Estate Development (CIRA) teamed up with Beltone Consumer Finance (Belcash), the consumer finance arm of Beltone Financial, to offer education funding products to CIRA parents, according to a March 23rd joint announcement.

The new loan products and services target and empower individual customers, conveniently enabling them to “Buy Now Pay Later” through easy installment plans. Parents will be allowed to install their tuition fees over 12 equal monthly payments with minimal documentation and instant approval.

Belcash will be an additional option to the current payment models CIRA adopts, CEO of CIRA Mohamed el Kalla commented.

The pilot phase of the new method will be introduced in seven schools, while the rest of CIRA’s 21 schools will follow shortly, El Kalla added.

As for the higher education segment, CIRA owns and operates Badr University in Cairo.

Last month, El Kalla unveiled plans to open 25 nurseries by 2025 at total investments of EGP 46 million, in collaboration with Innovvette for Education.

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