Oikocredit and Opportunity International announce impact investment of USD 100 million to advance education in low-income countries
The collaboration is expected to reach up to 1.6 million children by increasing access to capital for schools and families with students in Africa, India and Latin America
Social impact investor Oikocredit and global non-profit Opportunity International announced an innovative three-year collaboration to increase access to and quality of education in low-income countries. They will do this by investing up to USD 100 million in financial institutions who are benefiting from Opportunity International’s EduFinance programme.
To help fight the global education crisis, this collaboration will support the education sector through school improvement loans for classrooms, washrooms, dormitories, teachers, and transportation. It will also support school leaders with financial products to make instruction more effective and provide loans for school fees and tuitions to keep students in the classroom.
Mirjam ‘t Lam, Interim Managing Director, Oikocredit, said: “Oikocredit’s ambition is to empower low-income people with the choices they need to create a life of dignity. A key enabling element for this is access to education. We’re proud to be partnering with Opportunity International to improve access to education for low-income people via training and financing new initiatives together with financial inclusion partners.”
Archive > 2021 > November
- 30/11/2021 30/11/2021, 11:00 - Nicaraguan coffee smallholders to benefit from IDH Farmfit Fund and Oikocredit co-investment in Aldea Global
- 30/11/2021 30/11/2021, 11:00 - IDH Farmfit Fund and Oikocredit co-investment in Aldea Global to support Nicaraguan coffee smallholders
- 17/11/2021 17/11/2021, 11:00 - Symbiotics and Oikocredit invest US$ 30.8 million in ETG to support West Africa cocoa and cashew value chains
- 17/11/2021 17/11/2021, 11:00 - Symbiotics and Oikocredit invest in ETG to support West Africa cocoa and cashew value chains
- 16/11/2021 16/11/2021, 16:33 - Q3 2021 quarterly report: Cautious optimism
- 16/11/2021 16/11/2021, 16:30 - Mirjam ‘t Lam appointed as Managing Director of Oikocredit
- 16/11/2021 16/11/2021, 16:28 - Mirjam ‘t Lam appointed Oikocredit’s Managing Director
- 15/11/2021 15/11/2021, 11:36 - Oikocredit partners Crecer and Fonkoze shortlisted for European Microfinance Award 2021 for Inclusive Finance and Healthcare
- 05/11/2021 05/11/2021, 12:10 - Oikocredit holds general meeting in December
- 04/11/2021 04/11/2021, 12:26 - Capacity building for agriculture [interview]
- 03/11/2021 03/11/2021, 11:00 - Oikocredit strengthens its financial inclusion portfolio with an investment in Union des Caisses de Credit Mutuel du Sénégal
- 03/11/2021 03/11/2021, 11:00 - Oikocredit expands its financial inclusion portfolio with the latest investment in Senegal
- 01/11/2021 01/11/2021, 10:00 - Opportunity International and Oikocredit announce US $100 million impact investment agreement to advance the education sector in low-income countries
- 01/11/2021 01/11/2021, 10:00 - Oikocredit and Opportunity International announce impact investment of USD 100 million to advance education in low-income countries