Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International, a longstanding global leader in providing financial services to lift people out of poverty, and Oikocredit, a social impact investor and worldwide cooperative promoting sustainable development through investments, today announced an innovative, three-year collaboration to increase access to and quality of education in low-income countries through the investment of up to $100 million in financial institutions who are benefiting from Opportunity International’s EduFinance program, reaching an estimated 1.6 million children.
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda. The collaboration is a distinctive agreement between tenured, mission-aligned global organizations to support the growth in access to quality education particularly for children from low-income families. Our effort helps to fight the global education crisis, which has left more than 617 million children worldwide either out of school, or in school but not reaching adequate levels of learning, even before the COVID-19 pandemic.