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How Education Lenders are Responding to COVID-19
While every day, another news story upended the global status quo, by early March certain things were clear. The COVID-19 pandemic would create unprecedented disruptions in the global economy and would not spare the education sector, demanding schools, businesses and national borders close in order to save lives. According to UNESCO, 188 countries have put nationwide school closures in place, affecting 91% of enrolled learners – a shocking 1.6 billion children. Because most schools are not set-up…
Read MoreUnderstanding What is at Stake for Schools During COVID-19
It started with a just handful of school closures in countries where we operate. Within 48 hours, we were faced with nationwide school closures in all eight countries due to COVID-19 prevention and containment measures. UNESCO consolidated information on COVID-19's global impact on education, with statistics that were hard to fathom. 165 countries with nationwide school closures affecting more than 1.5 billion learners 87% of the global learner population enrolled at the start of March is suddenly…
Read MoreLearning Journey Blog Series: Developing the right foundation for Education Technology
This is the second installation of the Learning Journey blog series co-authored by Opportunity EduFinance, Instill Education, and Chalkboard Education. We will share ongoing insights from several pilot projects testing education innovations in the affordable private school sector in sub-Saharan Africa. The series examines the evolution, learning, adaptation, and failures as we endeavour to build sector knowledge around what works and what doesn’t when developing the right digital foundations and…
Read More“This is physics. How did you end up here?”
This International Women’s Day, Robinah Zawedde, Head Education Specialist for East Africa, reminds us how things are getting better for women and girls, but the fight still continues. International Women’s Day celebrates the diverse experiences of women and girls. Globally, women and girls still face intersecting social, economic and cultural barriers to achieving happy and flourishing lives in 2020. As an international program working across 22 countries, Opportunity EduFinance is committed…
Read MoreUsing Credit Algorithms to Expand Access to Education Finance
Opportunity EduFinance’s mission to get more children into better quality schools uses the principles of ‘financial inclusion’ to drive our work. Financial inclusion is simply defined as ‘the availability and equality of opportunities to access financial services.’ Yet the challenges to achieving financial inclusion are wide ranging and require us to consider new innovations to change the status quo. We see this broad reach in the Sustainable Development Goals, where ‘financial inclusion’…
Read MoreLearning Journey Blog Series: Education Innovations
Testing Education Innovations to Drive Quality Improvement at Scale This is the first installation of the Learning Journey blog series co-authored by Opportunity EduFinance, Instill Education, and Chalkboard Education. We will share insights from several pilot projects testing education innovations in the affordable private school sector in sub-Saharan Africa. The series examines the evolution, learning, adaptation, and failures as we endeavour to build sector knowledge around what works and what…
Read MoreRenée McAlpin: Why I’m taking on the global education crisis
Renée presents plaque to EduQuality Awards runners up, Golden Bell School (2019) Opportunity EduFinance is made up of a dedicated global team with diverse experience and expertise. Our team is essential to our collective mission to get more children into better quality schools. We want to share their passion and experience, and how this motivates their day-to-day work. This week we hear from EduQuality Manager, Renée McAlpin, about her education and professional journey, navigating the education…
Read MoreFinancial Inclusion for School Leaders
Opportunity EduFinance hosted a webinar as part of Financial Inclusion Week 2019 entitled \"The potential of a $24 billion market to accelerate sustainable community development.” During the hour, EduFinance Director of Operations, Scott Sheridan, presented on findings that show school entrepreneurs significantly contribute to community development when given access to financing, as well as on the potential global demand for education loan products. We then turned to our three panelists representing…
Read MoreTackling the education crisis together: Partner Perspective from Kenya
Stanley Munyao, CEO of Musoni Microfinance Limited in Kenya With 263 million children out of school globally, an estimated 800 schools per day would need to be built for the next five years to meet the minimum demand for seats.1 In many lower and middle-income countries (LMICs), the supply gaps in capacity-constrained public education systems are being filled by local low-fee – ‘affordable’ – private schools that are building new classrooms and adding more seats at a significant rate. These…
Read MoreThe Power of Portfolio Analysis: Partner Perspective from Musoni Bank
Portfolio Analysis is a key function the Opportunity EduFinance Technical Assistance Facility (ETAF) performs to provide in-depth assessments of our financial partners’ education loan portfolios. Effective and timely analyses (known as “Edpacks”) empower our partners to build and grow productive, high-quality and sustainable education finance portfolios through improved management and risk mitigation. Our ultimate aim, through providing better financial products and services for schools and…
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