Access to a quality education, a key factor for upward mobility and progress out of poverty, is a struggle for millions of families around the world. The financial inclusion sector can support greater access to education through tailored financial services, such as student loans, digital payment channels and savings products, that help low-income families manage educational expenses. There is also a growing movement to provide loans to low-cost private schools who serve low-income communities and do not have access to financing to grow or improve their schools. Some microfinance institutions also offer non-financial services to support their clients’ education such as access to discounted school supplies or reward-based schemes to promote school enrollment.
What can you find in this Topic Hub?
Curated by FinDev editors, this Topic Hub offers you access to key resources contributed by organizations around the world who work on the topic of education finance and financial inclusion programs that focus on education. Our latest blogs and publications on this topic are featured here (in the Resources Tab above), and you can find a collection of papers, case studies and guides to explore further. When there are upcoming webinars, events and recent news on this topic, they will be featured in the Topic Hub as well, so make sure to come back regularly for the latest on this topic. Finally, we’ve selected some key additional resources, which are listed on the right here, where you can learn even more about this topic.
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Recent excitement over the investment potential of edufinance will remind long-time impact investors of similar growth predictions for microfinance not too long ago. Taking advantage of the huge pool of hard–won experience built by the microfinance sector over 30-plus years can help the edufinance sector avoid missteps and greatly accelerate its growth and success.
Opportunity International shares its unique approach to education finance, using algorithms to get more children in school through education loans for families and low-cost private schools.