ED Partners
The challenge
65% of the Kenyan population is under the age of 25, and there is an increasing demand for education. As free state-funded schools tend to lack capacity and educational quality, affordable private schools are increasingly filling the gap. Funding for these schools in low-income communities is hard to get, as traditional lenders are unwilling to lend to the sector and do not understand the schools’ needs.
The innovation
ED Partners provides education-financing products to low- and middle-cost private schools for improved learning infrastructure, such as:
- Classrooms and desks
- Technology (eg. school management systems, online learning platforms)
- Transport such as school buses.
The impact
ED Partners supports over 130 schools with loans, improving the educational environment for more than 41,000 students. The social business has been able to increase school enrolment by 15% in those schools.
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