Ensuring Inclusive and Quality Education for All Through Sustainable, High-Quality Private Schools
Following the announcement of the Sustainable Development Goals in 2015, the debate continues regarding the role of public and private education in the developing world. With unquestioning agreement regarding the importance of education, scholars and practitioners are deliberating the minutiae of how to impact today’s young people – and how to do so cost-effectively, sustainably and well. It’s a debate that can immediately get complicated and lost in the weeds of policy and opinion. Within…
Read MoreEducation Impact Investment - New opportunities to leverage donor funds into greater impact
Impact Investing is a relatively new term, coined at The Rockefeller Foundation's Bellagio Center in 2007 to describe investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return. Today impact investment gets ample media coverage and is on the top agenda of many finance leaders and politicians for its claim to provide capital to address the world’s most pressing challenges. According to a yearly industry…
Read MoreOpportunity EduFinance shares big data enabling others to invest in education
Millions more children could end up getting an education, when Opportunity International's EduFinance Group shares its experience and data on education microfinance, enabling others to invest in education. With 263 million children out of school, banks and other financial institutions have been reluctant to lend into developing countries’ education because – in their view – of the small margins and high risks. But with backing from philanthropists, donors, and impact investors, Opportunity’s…
Read MoreG7 Statement: Education needs more resources, microfinance can help
Ahead of this week’s G7 summit 2017, which is expected to focus on sustainability and reducing inequality, including on education, Nathan Byrd, Global Head of Opportunity International EduFinance, said: “We welcome the G7’s second pillar: their discussions on economic, environmental and social sustainability, and the reduction of inequalities (G7 Priorities). Complete and equal access to education will be a major contributor to poverty reduction and to socio-economic stability. National governments…
Read More'Education for People and Planet': The 2016 GEM Report & The Private Sector
The first and much anticipated Global Education Monitoring (GEM) Report has just been published and it’s an important contribution to the discourse on how we tackle the global education crisis. GEM is the UNESCO-backed body charged with monitoring and reporting progress towards the internationally agreed Sustainable Development Goal (SDG) 4. SDG4 pledges to ‘ensure inclusive and equitable quality education and promote lifelong learning opportunities for all’ by 2030. The authoritative report…
Read MoreAccountability, EduFinance, and UNESCO's GEM Report
The UNESCO Global Education Monitoring (GEM) Report has just published its first annual edition, reporting this year on sustainability in education, and we’ll be posting our thoughts about it later this week. This report serves as oversight for education-related Sustainable Development Goals. In the meantime work continues at GEM on next year’s report, which will focuses on Accountability. Accountability is a cornerstone for our EduFinance work, and we therefore contributed our findings to…
Read MoreSchool Loans, Job Creation, and the Advancement of Low-Income Communities
In a new third-party analysis of 94 Ugandan schools accessing Opportunity EduFinance loans, the resulting school growth created an average of 18.6 additional jobs within the community. How Schools Expand When a school builds new classrooms, dormitories and other infrastructure, the school requires more staff to manage these facilities including teachers, dorm monitors, security guards, and cooks among others. When a school purchases a school bus, it requires more staff such as drivers – and, as…
Read MoreMicrofinance boosts education for 44,000 Ugandan girls
For too long, microloans in the education sector were difficult, unprofitable, and unsustainable. Cash flows were irregular, the returns on investment took time. And lenders could not stomach the risks. But big data, our ability to collect and analyse large amounts of information, has minimised this risk, lifting our loan repayment rates to 99 percent and opening new possibilities for education microfinance. In 2014, we launched a three-year education microfinance project in Uganda, with funding…
Read MoreConsigning the cane to history
For as long as anyone can remember, many teachers in Ghana have relied on the cane to control their classroom. These days it has become more frowned upon, however the practice is not yet illegal and remains widespread. How best to see corporal punishment banished from the country’s schools? Opportunity EduFinance’s work with its Self Improving Schools System (SISS) in Ghana has shown that facilitating peer-to-peer professional development and support is one very effective way, by letting school…
Read MoreBig data means investors should look again at African education
As delegates gather in Kigali for the World Economic Forum on Africa this week, they may be encouraged to hear how the digital revolution can help transform Africa’s education systems. It cannot happen fast enough. Despite impressive progress, some 30 million children in Africa are out of school and this number appears to be growing. At least part of this crisis comes from a lack of funding for education. African governments spend an average 18 percent of their total spending on education, higher…
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