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Opportunity EduFinance
Level 18, 100 Bishopsgate, London EC2M 1GT

Telephone: +44 (0) 7768599834

© 2022 Opportunity International Education Finance functions under its US and UK affiliates. Opportunity International United Kingdom is registered as a charity in England and Wales (1107713) and in Scotland (SCO39692). Opportunity International United Statesis a 501(c)3 nonprofit.

Pakistan Microfinance Investment Company (PMIC) and Opportunity EduFinance announce new partnership to mobilize capital into affordable education in Pakistan

By Opportunity International EduFinance

 PMIC and EduFinance signing

IslamabadNovember 15, 2022: Through a new partnership, Pakistan Microfinance Investment Company (PMIC) and Opportunity International EduFinance will collaborate with three microfinance providers who want to extend capital to low-cost non-state school owners and parents, and support them to improve education quality and learning outcomes for children.

Both, PMIC and Opportunity EduFinance see education as a critical component to employment creation, revenue generation and poverty alleviation. Before COVID-19, Pakistan was reporting the second highest number of out-of-school children globally – with 22.8 million not attending school or learning. The problem of limited access to education was even greater for girls, which was further exacerbated by the onset of the COVID-19 pandemic. At the same time, research indicates that for every additional year of schooling, a student can expect an additional 10 percent increase in their future wages. Financing the growth of the affordable non-state education sector can help end the cycle of generational poverty. Through this partnership, Opportunity EduFinance will provide AGAHE, RCDP and Taleem Finance with technical assistance to develop, launch and grow EduFinance loan portfolios, and will offer their school borrowers a holistic three-year school improvement program. 

Press coverage of the Virtual Signing Ceremony: 

Business recorder
https://www.brecorder.com/news/40209506

The News
https://www.thenews.com.pk/print/1010695-mou-inked-for-education-quality-programme
The Nation
https://www.nation.com.pk/16-Nov-2022/pmic-opportunity-international-join-hands-for-education-quality-program

Pak Observer (Twin Cities)
https://pakobserver.net/pmic-and-opportunity-international-join-hands-for-education/

Pro Pakistani
https://propakistani.pk/2022/11/15/pmic-and-opportunity-international-join-hands-for-education-quality-program/

The Green Post
https://greenpost.com.pk/pmic/

 

 

 

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