Banking on Education

THANK YOU for your continued partnership. Your generous support is changing the face of education in the developing world. Cumulatively, we have provided School Improvement loans and training to 1,112 school proprietors and 13,096 School Fee loans to families. What Opportunity’s done for Education this year:

• School Improvement loans have increased from $3.578 million in July to $4.045 million in December. ·         Opportunity launched EduSave, a savings-plus-insurance product, in Ghana in 2012 and Malawi in early 2013. It is also poised to launch EduSave in Uganda in 2013. (See Nathan’s Message for more on EduSave)
• In 2013, Dominican Republic and Philippines plan to join the Education Finance initiative, with portfolios focused on School Improvement loans and School Fee loans, respectively.
• Opportunity Kenya recently launched School Fee loans in response to client feedback.
• We will launch secondary education School Fee loans in Malawi and Rwanda for the first time in 2013.
• The combination of primary/secondary and tertiary School Fee loans at OISL in Ghana doubled in 2012.
• We partner with Vittana to provide tuition loans for college and technical training where low-income students have no other financing options. In 2012, we partnered with Vittana in Ghana, Rwanda and the Philippines, and plan to partner with them in Uganda in 2013.
• We are scaling up the Education Finance initiative in Uganda and Rwanda, including School Fee and School Improvement loans, plus targeted youth products and EduSave. Plans are being drawn up to publish
• Opportunity's first industry findings paper on Education Financing in sub-Saharan Africa in 2013, focused on program impact in Uganda and Ghana.