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Helping many Businesses with Microcredit5 days ago
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Education Finance (EduFin) with Opportunity International53 days ago
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Global Publications
Helping many Businesses with Microcredit5 days ago
How Do Rotary Values align with the UN's Sustainable Development Goals?6 days ago
Two Thumbs up for Poverty Inc.28 days ago
Ending Ultra Poverty28 days ago
More
Microcredit
Helping many Businesses with Microcredit5 days ago
How Do Rotary Values align with the UN's Sustainable Development Goals?6 days ago
Two Thumbs up for Poverty Inc.28 days ago
Ending Ultra Poverty28 days ago
Education Finance (EduFin) with Opportunity International53 days ago
More
Education Finance (EduFin) with Opportunity International
Category: Microcredit | By SDR, 2-Jan-2018 | Viewed 120  Comments 0 | Source Steve Rickard

Opportunity receives $1 million for Education Finance



The first open-platform credit model for education lending will be funded by The Bill & Melinda Gates Foundation and developed for Uganda and other nations.
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Financing Education in Uganda

CHICAGO - October 11, 2016 - Opportunity International today announced that it has received a $1 million grant to expand its Education Finance (EduFin) initiatives in Uganda and beyond from the Bill & Melinda Gates Foundation. The project will develop an open-platform credit algorithm that will rapidly replicate Opportunity's successful EduFin products for both school-fee and school-improvement loans and ultimately ensure that millions more low-income families in the developing world can send their children to school.

Opportunity has made over 130,000 education loans totaling more than $72.4 million since 2012, impacting more than 1.5 million children and young people across 10 developing countries.

Read the entire article at:

https://opportunity.org/news/press-releases/opportunity-international-receives-1-million-education-finance
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