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New financing options for Barbados students
Published on August 24, 2016 Email To Friend    Print Version

(L-R) Yulanda Celius, Axcel Finance Marketing Coordinator; Davidson Ishmael, Axcel Finance Operation Manager; Dr Sonia Greenidge-Franklyn, BIMAP Executive Director and Benson Straker BIMAP Chairman

BRIDGETOWN, Barbados -- A major challenge faced by governments and indeed individuals, amidst shrinking economies across the region, is the financing of higher education. This challenge is coupled with the pressures and demands by the public and private sector for the pursuit of higher education by citizens, to engender more marketable skills of the region’s workforce.

As a direct response to this, on Tuesday August 9, 2016, Axcel Finance and the Barbados Institution of Management and Productivity (BIMAP) signed a memorandum of understanding that will benefit current and students of the learning institution BIMAP. The official signing was done at the BIMAP offices and will be put into immediate effect.

Axcel Finance is the region’s leading microfinance institution, with a passion for working with individuals and micro-enterprises, while BIMAP is among the leading research and training institutions in Barbados, noted for its management development and workforce performance.

The ceremony for the signing of this ground breaking MOU was attended by senior management members of the BIMAP team and Axcel Finance, with remarks coming from the BIMAP chairman Benson Straker and Davidson Ishmael, operations manager of Axcel Finance.

Under this MOU, Axcel Finance will be providing special terms and conditions for persons seeking to pursue individual courses or entire programs with BIMAP. Additionally, Axcel Finance will also provide the current and future students of BIMAP with a direct link to a highly responsible, flexible and innovative financial institution that will advise and guide each student on a case by case basis.

In his remarks at the signing ceremony, Ishmael, quoting Malcolm X, said, “Education is our passport to the future, for tomorrow belongs to the people who prepare for it today.”

According to Ishmael, the signing of this MOU between Axcel Finance Barbados and BIMAP is a timely and prudent endeavour.

“It is designed to provide additional financing options and support for the many individuals who are seeking to advance their education,” he said.

”We are tremendously pleased to have this opportunity in joining BIMAP by ensuring that every person will have the opportunity to have the financial means to access that ‘passport to the future’,” he emphasized.

At the signing, both the operations manager of Axcel Finance and the executive director of BIMAP, Dr Sonia Greenidge-Franklyn, promised to continue seeking ways to partner in the future in bringing to fruition more mutually beneficial projects which will significantly improve the lives of the people of Barbados.
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