Opportunity International and Oikocredit announced on November 2, 2021, a $ 100 million impact investment agreement to advance education in low-income countries. In a joint statement, the two organizations explain that these funds will be spread over the next three years with an initial short-term focus on Senegal, Ghana, Nigeria, Kenya and Uganda.
Under the terms of the agreement, Opportunity International and Oikocredit will target financial institutions serving the needs of the most vulnerable populations, providing financial capital and training to support education sector development in target markets.
In addition, this collaboration should make it possible to obtain essential resources, in particular loans for the improvement of school frameworks, in particular classrooms, toilets, dormitories, transport; support principals with financial products to make teaching more effective; and providing loans for tuition fees to keep students in classrooms.
Note that Opportunity International is a long-time global leader in providing financial services to lift people out of poverty. For its part, Oikocredit is a social impact investor and a global cooperative promoting sustainable development through investments.
