Banking on Education

 
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Aug 12, 2011

Educational Microfinance in Ghana

Students at Christ is the Answer School in Ghana.
Students at Christ is the Answer School in Ghana.

The IDP Rising Schools Program is an initiative created and implemented by the IDP Foundation, Inc., Opportunity International, and Sinapi Aba Trust (SAT). SAT, a member of the Opportunity International network, is an NGO in Ghana that offers microfinance services to clients, including loans to school proprietors to fund the building of quality local private schools. After 12 weeks of management training for school proprietors, and training for school caterers on sanitation, nutrition, and safety, the schools are given loans to improve their infrastructure and human resources.

One school, The Christ is the Answer Preparatory School was founded by Anthony Kwasi Nyarku, a retired schoolteacher, in 1997. His school started with four students and now serves about 180 students. In February 2010, SAT contacted him through a recommendation by Romesco International School, interviewed him, and eventually chose him for their loan program. Through the program, he learned to manage his money, keeping separate accounts for the school’s money and his own, saving and keeping track of petty cash.

Anthony was interviewed by Students of the World (SOW) this summer, and explained his reasoning for founding a school. He explained that government schools often are under supervised and a strong union protects the sometimes-neglectful teachers. His teachers, however, are closely overseen. Additionally, Christ is the Answer Preparatory School is able to provide this education to some students who cannot afford “even the uniform.” As a result of the hard work of Anthony, his teachers and his students, all 11 students who took last year’s Basic Education Certificate Examination (BECE)–a required exam for any student wishing to go on to Senior High School–passed them, and received the third-highest scores in the area.

-An Excerpt from SOW Guest Blog

To learn more about SOW's trip and School Proprietors like Anthony visit http://www.opportunity.org/blog/spotlight-on-educational-microfinance-idp-rising-schools-students-of-the-world-sow-meets-students-educators-in-ghana/

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Ally Lynch

Oak Brook, Illinois United States

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