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Using 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…
Read MoreAndrew McCusker: From Goldman Sachs to EduFinance
Andrew with School Leaders in the EduQuality Program School, Cricket and Corporate Finance I was a lucky kid. I grew up in Geelong, a thriving port city just outside Melbourne, Australia, with a loving family and plenty of opportunities around me. I also went to a great school despite not really appreciating this at the time. My friends and I were more interested in playing sports outside than sitting inside the classroom. Of course, we were lucky we didn’t have the option to simply sit school…
Read MoreEdTech: Improving Efficiency and Maintaining Quality at Scale
The EduQuality team at Opportunity International EduFinance has partnered with Chalkboard Education to launch a digital Learning Management System to deliver offline educational content, following a pilot with schools in Kumasi, Ghana. The outcomes will enable the program to scale to meet the needs of the affordable private school sector. Celcilia Adu-Gyamfi, Proprietress, and Jeminmmia Oforwaa Addo, Business Manager during \"EduQuality Digital\" Pilot in Kumasi, Ghana Opportunity International EduFinance…
Read MoreThe Importance of Strategic Tech Upgrades for EduFinance Program Impact
EduFinance Data and Business Intelligence team provide key insights into the development of our data technology tools to where we are today. Quality data collection and analysis is essential for any robust monitoring and evaluation framework. It crucially indicates whether a program intervention is being implemented as intended well as whether implementation is having the intended outcomes. EduFinance puts data collection at the center of our program design to ensure we are collecting the right information…
Read MoreAntonella Shares Insights into the Education Lending Market in Rwanda
Opportunity International EduFinance recently conducted market research into the affordable private school sector in Rwanda. The objective of this new research was to take a fresh, deep-dive look into an affordable schools market EduFinance has been engaged in for over 10 years. As we plan to expand our support for Rwandan schools to grow and develop, up-to-date market knowledge is essential to increasing school’s access to financing through new partnerships with socially-focused financial institutions…
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