Student Loans

A smarter loan

Is a Student Loan

Right For You?

The answer is Yes, if you are an excellence-driven continuous learner interested in building a career in technology space, but can’t afford the training fees.

Skillup will offer you a student loan that is paid directly to the training provider and allows you to acquire the relevant technical and soft skills you will need to build a career in tech.

our Process

How

It Works

Frequently Asked Questions (FAQs)

We’ve put together a list of frequently asked questions. If you have any additional questions, please contact us today!

What is Skillup Africa?

Skillup Africa is an impact investment platform that allows Africans to invest in developing top tech talent in Africa.

Skillup Africa allows Africans to:

  • Invest in Africa’s Human Capital: Building a sustainable African technology talent pool, capable of servicing local and global markets.
  • Reduce high unemployment rates: Transforming unemployed / underemployed youth into highly sought after talent and reducing imminent security risks posed by high unemployment.
  • Increase the earning power of the individual beneficiaries: Building individual Prosperity that leads to national economic development.

Why Skillup Africa?

By 2030, there will be a global shortage of more than 85 million tech workers, representing $8.5 trillion in lost annual revenue, according to US-based management consulting firm Korn Ferry.

This is a huge opportunity for African countries to leverage their huge youth population while ensuring participation in the knowledge / digital economy, which is critical for sustainable economic growth across the continent.

How does Skillup work?

The Skillup Africa Talent Fund seeks to offer individuals and institutional investors the opportunity to fund the training of tech workers (developers, data scientists etc.) by investing into the Skillup Africa Talent Fund that disburses student loans to applicants. Currently we strategically focus on working with businesses through L&D and CSR Initiatives, institutional investors and NGOs through grants.

The Student loans we provide cover:

  • Course Fees for Course at one of our Training Partners
  • Career Services & Soft Skills Training provided by Skillup Africa
  • Laptops for the trainees (if required)
  • Access to Skillup Alumni Network
  • Access to Skillup Mentor Network
  • Moratorium to cover training period and 12 week period to find a job

Our impact is focused on:

  • Nation Building
  • Digital Economy Readiness
  • Sustainable Tech Talent Pipeline Development
  • Building Prosperity
  • Reduction of Unemployment

Does Skillup give scholarships?

Skillup Africa is not a Scholarship Program. We only offer student loans intended to help graduates under 30 years who cannot afford to pay for a short or medium term tech focused training course that will aid them in developing skills required for a career in tech.

What are the terms of the student loan?

Skillup Africa student loans have various runtime cycles, based on the duration of the training period as offered by our training partners. We offer a moratorium that covers the duration of the training period, in addition to a 12 week period that allows students find a job.

Our student loans are provided at a 10% p.a. interest rate, which students pay in advance as a commitment fee.

The Student loans we provide cover:

  • Course Fees for Course at one of our Training Partners
  • Career Services & Soft Skills Training provided by Skillup Africa
  • Laptops for the trainees (if required)
  • Access to Skillup Alumni Network
  • Access to Skillup Mentor Network

What do I gain from SkillUp Career Services?

You get to learn how to build your soft skills and brand yourself as a tech professional. You are coached to create stellar job searching materials and online profiles that make you stand out in your field. You get to collaborate and work with a diverse community of early talent and tech professionals to enhance your networking skills. You get to receive mentorship from senior industry professionals. You get access to a certified people development professional and career coach.

Who can apply?

Anyone who fits the below criteria can apply: 

  • You must be under the age of 30
  • You are currently unemployed or in transition
  • You are a resident of Lagos State, Nigeria
  • You possess a track record of excellence, tenacity, and integrity.
  • You are a fast learner with the determination to excel, work hard, and make an impact
  • You have either a Higher National Diploma(HND), Bachelor’s Degree, or Masters Degree.
  • You have completed NYSC or Have an Exemption Letter or exclusion letter.
  • You have at least two credible Guarantors who are willing to vouch for you

How can I apply?

It’s easy! Simply fill in your details in the application form, provide the necessary details needed to support your application, and click submit.

What's next after applying?

The following steps will be required for a successful consideration of being eligible for a student loan: 

  • Candidates will be sent an online aptitude test that can be completed in less than 1-hour.
  • Once you’ve passed the aptitude test, you will be invited for an in-person interview.
  • If you are selected, you will take part in our onboarding process, which includes your induction, background checks, creditworthiness checks & completion of your loan documentation.

What happens once I have been selected?

The following gives an overview of what happens after you have been selected: 

  • Once you have been selected and have successfully completed your onboarding you will be enrolled at the selected training partner
  • You will be required to complete your training course as well as mandatory soft-skills training (Career Service Training), which run concurrently.

When do I start paying back?

Our student loans are provided at a 10% p.a. interest rate, which students pay in advance as a commitment fee.

Skillup Africa student loans have various runtime cycles, based on the duration of the training period as offered by our training partners. We offer a moratorium that covers the duration of the training period, in addition to a 12 week period that allows students find a job.

This means that you do not start paying until you have completed your course in addition to a 12 week period set aside for you to find a paid internship or job.

Once this period is over the repayments will be due in 12 equal instalments and can be paid off quicker if possible.

Is the Career Services aspect of the program compulsory?

Yes, it is. You are expected to obtain a minimum attendance and engagement rate to be deemed ready for matching with job opportunities and hiring partners.

Get Started?

Fill in your application form today and set yourself up for a career in technology by accessing a student loan that will cover a short / medium term tech focused course at one of our training providers!