Kenya is one of the countries that benefit from the Ksh11b education fund

Kenya is slated to receive a Ksh 11 billion (US $ 100 million) education fund through Opportunity International’s EduFinance program to improve access to education for children from low-income families.

The fund, mobilized through a collaboration between Opportunity international and Oikocredit, will help combat the global education crisis that is leaving more than 617 million children out of school worldwide.

The program is also aimed at financial institutions providing capital and training in the education sector to enable the provision of critical resources such as: Classrooms, washrooms, dormitories and adequate teachers.

“Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, short-term focus on Ghana, Kenya, Nigeria, Senegal and Uganda. The collaboration is a special agreement between established, mission-oriented global organizations to promote access to quality education, especially for children from low-income families. “

Atul Tandom, CEO of Opportunity International, said the program is an ongoing effort by the organization to provide access to quality education by providing capital at a time when an estimated 264 million children worldwide are facing the challenges posed by COVID-19 no school attend pandemic.

“Our goal is to help those most in need to stand on their own two feet, earn a sustainable living and send their children to school. This collaboration solidifies Opportunity International’s position as a pioneer in providing access to capital and education to get more children into schools, ”he said

For her part, Mirjam ‘t Lam, interim managing director of Oikocredits, said the organization is interested in providing low-income people with access to education through training and funding new initiatives through partnerships.

“We are proud to partner with Opportunity International to improve access to education for low-income people through training and funding new initiatives with partners on financial inclusion,” she said

The program also intends to expand its reach in Africa, Latin America and Asia in order to make a significant contribution to the advancement of the Sustainable Development Goals.

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