Subscribe
Past Issues
Translate
Demand for education finance products from schools and parents continues to grow globally, as last month's The Economist Special Report reminds us. This is also clear from the wide interest expressed by financial institutions to participate in our EduFinance program and, ultimately, invest more in the education sector worldwide. Since the start of the year we have built a strong pipeline of financial institution partners in Nigeria and India to both launch and grow education lending portfolios. In addition, we have expanded our work with financial institutions in Ethiopia, Democratic Republic of Congo, Rwanda, Pakistan and Peru to increase access to quality education in these countries. We have seen impressive growth in EduFinance loan disbursements, with an average of 8 School Improvement Loans being disbursed each day to build school infrastructure, from more classrooms to new washroom facilities, and to buy assets, such as school buses and computer equipment. We continue to pursue innovative costreduction initiatives without compromising our service quality, to maximize the impact our funding for the benefit of children, parents, and educators.
Subscribe
Past Issues Andrew McCusker, Head of Education Finance
Translate
Expanding EduFinance in Nigeria A key priority for EduFinance's Technical Assistance team (ETAF) is increasing access to education financing in Africa’s most populated country, Nigeria. In April, we met with current partner financial institution, FINCA Nigeria, and partner schools in Owerri, who collectively shared strong support for the continued benefits of EduFinance products and services. We also conducted a roadshow reaching out to over 20 new financial institutions. During meetings, many highlighted the important role they personally believe education financing will play in the country. Nigeria is home to 1 in every 5 of the world’s outofschool children and has a literacy rate of 66.4%. We are working to bridge this education access gap by providing the technical support necessary for financial institutions to sustainably lend to affordable private schools and families with schoolage children. Our EduFinance technical assistance services offer partners indepth market research into local education financing demand, loan product design, and staff training as well as ongoing business intelligence insights and analysis to identify opportunities, reduce risk and support portfolio growth. Our research estimates that there are over 20,700 private schools across Nigeria, with an average annual fee of US$74. These schools represent a huge overall national demand for EduFinance School Fee Loans and School Improvement Loans, estimated at US$455mn. Following her recent visit to Nigeria, Hannah Hilali, EduFinance Project Manager for Financial Products, explained, “Working together with the Nigerian Association of Microfinance Banks, we hope to make a big impact in the coming years in Nigeria working with mission aligned partners.”
Subscribe
Past Issues Read Hannah's latest blog on Nigeria here!
Translate
Hannah visits Senior Management at FINCA including Sandra (Relationship Officer), Julius (ETAF), Andre (CEO), Kingsley (CFO), and Dennis (Marketing Manager)
EduQuality Launches in Kenya! We successfully launched the EduQuality program in Kenya in March, working with our partner financial institutions, Letshego Kenya and Musoni Kenya, to engage schools across Nairobi, Embu, Kiambu, and Machakos. Introductory workshops presenting our School Cluster model for joint practice development, instructional leadership training and Pathways to Excellence (P2E) were attended by 66 schools. Feedback from these sessions was overwhelmingly positive, as noted by one attendee who expects EduQuality will help her school with "successful
Subscribe
coordination between neighbor schools and sharing of challenges and possible solutions." Past Issues Translate Led by our new allfemale team of Education Specialists, the launch was a fitting way to celebrate #WomensWeek in March. Anne and Violet spoke passionately in a recent blog about tackling gender inequality in their new roles, drawing on their powerful personal journeys. Our program aims to support the Kenyan education system, currently facing challenges of 1 million outofschool primary children and implementation of a new government competencybased curriculum (CBC) which schools must rapidly adapt to. Reneé McAlpin, Africa and Asia Coordinator, explains, “P2E and clusters allow school leaders to use strategic planning processes and collaboration to identify how best they can restructure and adapt their current practices to align with the new CBC requirements.” Learn more about EduQuality here!
Education Specialists Robinah, Anne and Violet
Subscribe
Past Issues
Translate
In Other News... We recently became the 47th member of the Global Schools Forum, a network of 46 partners working together to deliver high quality education worldwide! Speakers will be announced soon as we gear up to host the EduFinance Conference in Kampala from June 19-21, 2019. In April, EduQuality hosted two Introduction workshops in Barranquilla and Bogotá, Colombia, with leaders from 20 schools attending to learn about how the EduQuality program can support their school development priorities. Through the launch of a new “Graduation Model” pilot to link ultra-low fee schools in India to financing, we hope to capture learnings to deepen financial inclusion in the most marginalized communities. EduFinance Technical Assistance (ETAF) work is underway in Indonesia, Peru, Ecuador, Kenya, Uganda, Rwanda, Pakistan and Liberia; Nepal is also likely to be added as a new market later this year. Check out the new Publications section of our website, featuring Research & Learning and Newsletters!
Copyright © 2019 Oppportunity International Education Finance, All rights reserved. Our mailing address is: edufinance_news@opportunity.org Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.
Subscribe
Past Issues
This email was sent to <<Email Address>> why did I get this? unsubscribe from this list update subscription preferences Opportunity International EduFinance · 1 fore street · London, London EC2Y 5EJ · United Kingdom
Translate