On December 7th 2024, The University of Kurdistan Hewlêr (UKH), in partnership with RT Bank, unveiled a groundbreaking initiative aimed at empowering students with the tools and financial resources they need to succeed in both their academic and professional lives. This pioneering programme, which marks the first of its kind in Iraq and the Kurdistan Region, introduces a sustainable card-based transaction system for students, along with tailored financial services to support postgraduate studies and entrepreneurial ambitions.
The new collaboration offers students a comprehensive package designed to promote financial literacy and ease their financial journey throughout their academic careers and beyond. Key features of the program include:
- Sustainable Card-Based Transactions: In a move towards a more eco-friendly and efficient payment system, the partnership introduces a student-specific card that streamlines campus transactions, making everyday purchases and fees easier and more secure. This initiative promotes the use of digital payments, reducing the need for cash while encouraging responsible spending habits among students.
- Postgraduate Study Loans: Understanding the financial challenges faced by students seeking to further their education, the program offers specialized loans for postgraduate studies. This will allow graduates to pursue advanced degrees without the burden of financial uncertainty, helping them focus on their academic and professional goals.
- Business Start-Up Loans: In addition to supporting postgraduate education, the collaboration also addresses the entrepreneurial aspirations of students. RT Bank will provide loans to help students launch their own businesses, fostering innovation, job creation, and economic growth in the Kurdistan Region.
- Financial Literacy Training: To ensure students can effectively manage their finances, both during their studies and in their future careers, the program will offer financial literacy workshops. These sessions will cover essential topics such as budgeting, saving, and investing, equipping students with the knowledge they need to make informed financial decisions.
This partnership between UKH and RT Bank is a milestone for both institutions, as it aims to bridge the gap between education, entrepreneurship, and financial empowerment in the region. The program not only addresses the immediate financial needs of students but also prepares them for long-term success in a rapidly changing global economy.
Dr. Dana Mawlood UKH Vice President (Administration), expressed excitement about the initiative, stating: “We are proud to launch this innovative program in partnership with RT Bank, which will provide students with the financial tools and resources they need to succeed. This collaboration reflects our commitment to supporting students at every stage of their academic and professional journeys, from securing funding for higher education to empowering them to become the next generation of entrepreneurs.”
Mr. Ranjdar Kamaran, Director of UKH Student Affairs, also highlighted the significance of the collaboration. “We are thrilled to be part of this unique initiative. By offering students access to financial services, loans, and essential financial education, we are helping to shape a more sustainable and financially literate future for the next generation of leaders, innovators, and entrepreneurs in Iraq and the Kurdistan Region.”
A Model for the Future
The launch of this initiative is a testament to the growing importance of financial inclusion and support for students in the Kurdistan Region. By offering practical financial tools alongside educational resources, the program sets a standard for how universities and financial institutions can collaborate to empower students.
The collaboration between UKH and RT Bank is expected to have a significant impact on the region’s students, providing them with the financial freedom to explore new educational opportunities, start their own businesses, and make informed decisions that will benefit their personal and professional futures.
About the University of Kurdistan Hewlêr (UKH)
The University of Kurdistan Hewlêr is a leading institution of higher learning located in Erbil, Kurdistan Region, Iraq. UKH is committed to providing world-class education and fostering academic excellence. The university offers a range of undergraduate and postgraduate programs in various fields, with a focus on research, innovation, and community development.
About RT Bank
RT Bank is a premier financial institution in the Kurdistan Region, offering a range of banking services to individuals and businesses. Known for its innovative financial products and commitment to customer service, RT Bank has played a pivotal role in supporting the region’s economic growth and financial inclusion.
