Can Refugee Communities benefit from Education Financing?
Uganda hosts 1.4 million refugees, which is one of the largest refugee populations in the world. While there may be cultural differences between refugee communities and the communities that host them, the demand for children and youth to have access to a good education is universal. These massive refugee communities present an opportunity to offer financial services – including education financing - to refugee households. And yet, according to a survey undertaken in Bidi Bidi settlement of…
Read MoreWhat’s next for low-cost private schools in India?
Here’s what we know… Low-cost private schools in India need more access to capital to invest in their schools, and professional development training to continue improving quality of education being delivered. Why low-cost private schools in India? 92 million children. That’s how many children are being educated in these schools today. By 2031, an estimated 162 million children will attend low-cost private schools in India.[1] The National Independent School Alliance (NISA) estimates…
Read MoreNew EduQuality Blended Learning Model Launch
After many hours of thorough consultation, development and planning, the EduQuality program of Opportunity EduFinance has successfully launched a new blended learning model providing professional development for school leaders and teachers.This exciting initiative builds on the foundation of our Education Quality program, combining digital resources with in-person training for over 1,500 affordable non-state schools across seven countries in Africa1 and Latin America2. Participating school leaders…
Read MoreLearning from Shared Experience - EduFinance Virtual Workshop
Before the pandemic began, the education sector in low- and middle-income countries was perceived as a rewarding market by many local financial institutions, a factor that helped Opportunity EduFinance grow its financial institution partners from 11 to 71 in under 5 years. However, the pandemic has adversely impacted the sector with school closures, lockdowns, and reductions in household income, affecting some schools’ ability to maintain a sustainable business. Nevertheless, despite the challenges…
Read More7 Educators – Looking back at inspiring stories from our history
Education is an integral part of reducing global poverty and inequality. Currently over 14,000 schools and 120,000 families around the world are benefitting from the Opportunity EduFinance program and access to capital through financial institution partners. As a result of this work, an estimated 7.8 million more children have benefitted from increased access to quality education to date. This year, the ongoing COVID-19 pandemic has only emphasized education's critical place in our world and reminded…
Read MoreThe ‘Power’ behind our Data Collection: Meet some of our expert M&E Team
A vital part of Opportunity EduFinance’s work is carried out by our expert team of Monitoring and Evaluation Associates and Specialists (M&E). Each local M&E team visits schools in our EduQuality program to interview parents, students, teachers and school leaders. Their skill in collecting complex data allows EduFinance to gain detailed insights into how our programme is working, any needed changes, and what challenges and opportunities there are to make a greater impact on education access and…
Read MoreEmpowering Girls through Education in Pakistan
Opportunity EduFinance’s partners in Pakistan have a wide range of expertise and varied approaches to their work. And yet, a recent interview with several Pakistan financial institutions and stakeholders in the education sector found all were motivated by very similar understandings of the limitations in enhancing access to education across Pakistan – especially for girls. To better appreciate these motivations and develop a deeper understanding of possible solutions to address barriers to girls…
Read MoreSPOTLIGHT: Abaco Peru & ‘Ahorro Educación Futura’ (Saving for Future Education)
Abaco Peru is one of the more than 60 financial institutions around the world that Opportunity EduFinance partners with. As one of the three largest Saving and Credit Unions in Peru, lending to over 1K low-income borrowers, it was not surprising that Abaco saw an opportunity during the pandemic to incentivize families to save for education. Over the last 16 months, Opportunity EduFinance and Abaco worked together to develop the Ahorro Educación Futura’ (Saving for Future Education) savings product…
Read MoreInternational Women’s Day 2021 – Getting Girls back to Classrooms in Ghana and Kenya
At its peak in May 2020, COVID-19 related school closures left 85% of students globally out of the classroom. Experience from previous prolonged school closures – such as the 2014 Ebola pandemic in West Africa - indicates that once children are out of the classroom, there is greater risk they will never return. This is especially true for adolescent girls, who face higher pressures that can lead to permanent drop-out, including early marriage, teenage pregnancy, sexual assault, pressures to support…
Read MoreResilience & Recovery in India: Reflecting on the impact of Covid-19 for non-state schools & the Indian microfinance sector
The fallout from the pandemic has impacted every one of us. And yet, as numerous studies have shown, the impact has been much higher in rural households due to panic migration and skyrocketing unemployment. Similarly, many affordable non-state schools ultimately risk permanent closure, with 4 out of 5 schools having collected less than 20% of school fees since schools had closed. To assess how rural households - the typical clients of microfinance institutions – and schools were affected during…
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