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Education Finance (EduFin) with Opportunity International
Category: Microcredit | By SDR, 2-Jan-2018 | Viewed 288  Comments 0 | Source Steve Rickard

Opportunity receives $1 million for Education Finance



The first open-platform credit model for education lending will be funded by The Bill & Melinda Gates Foundation and developed for Uganda and other nations.
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Financing Education in Uganda

CHICAGO - October 11, 2016 - Opportunity International today announced that it has received a $1 million grant to expand its Education Finance (EduFin) initiatives in Uganda and beyond from the Bill & Melinda Gates Foundation. The project will develop an open-platform credit algorithm that will rapidly replicate Opportunity's successful EduFin products for both school-fee and school-improvement loans and ultimately ensure that millions more low-income families in the developing world can send their children to school.

Opportunity has made over 130,000 education loans totaling more than $72.4 million since 2012, impacting more than 1.5 million children and young people across 10 developing countries.

Read the entire article at:

https://opportunity.org/news/press-releases/opportunity-international-receives-1-million-education-finance
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