Key Focus Areas Education Finance
What Do You Want To Be When You Grow Up?
It’s a common question we ask our children as they grow. It is the first question that encourages us to dare to dream about a future full of possibilities. However, many children around the world never get the chance. Today, a girl born in Uganda is four times more likely to have her first child than a high school diploma before reaching adulthood.
Writing a New Story For Children's Education
Global Inequalities in Education Persist
For children in developing regions, access to schools is all too scarce. Across the world, over 200 million children and youth have never started school or have already dropped out. Millions more who have the chance to go to school are not learning. Every child deserves a quality education. Education is the greatest determinant of future economic status and self-reliance. Opportunity International is committed to putting and keeping more children in schools around the world.
There are 5 barriers in particular that keep children out of school:
No Schools Nearby
Futures Are Uncertain
Ill-equipped Schools and Teachers
Education Does Not Lead to Employment
School Fees & Supplies are Too Expensive
|Forcing children to walk long and unsafe distances.||Illness or death of a parent causes drop-outs.||Overcrowded or underfunded schools are unable to adequately teach children.||Reducing the incentive for children to stay in school||Parents are unable to afford educational costs for all their children.|
Opportunity works from the inside-out. We invest in parents and educators who are committed to making sure the children in their underserved communities have a chance to escape poverty by getting an education. We empower them with the financial tools and training they need to make sure that children can not only go to school, but also receive a quality education essential for their future success.
Ensuring Access to School For All
To close the education gap, every child must have access to a quality, local school. However, in developing communities, financial challenges prevent low-income families from sending their children to school, and prevent schools from making much- needed improvements. Therefore, we start with financing, a critical first step in sending and keeping kids in school.
School Improvement Loan
Schools lack upfront capital and so they are unable to expand or improve without funding from governments or school fees. With a loan, a school owner can invest in her school’s most pressing needs, such as building new classrooms to serve more students from the local community or hiring additional teachers to reduce class sizes.
School Fee Loan
The cost of school often burdens families. School Fee Loans ensure parents can cover educational expenses without sacrificing other needs like food, healthcare, or growing their small business.
Youth Savings Account
Without savings, unexpected events can threaten a child's future economic security. A savings account helps them to build a safety net, ensuring that they are prepared for their future even during economic uncertainty.
Training & Resources
Improving Quality of Education For All
In addition to financing, we support educators in improving the quality of education children receive.
- Opportunity runs education clusters, made up of leaders from up to a dozen schools, to facilitate collaboration, group problem-solving and best practice sharing
- School assessments help proprietors understand their strengths and weaknesses, as well as a clearly defined roadmap for improvements
* As of December 31, 2018
Ana Maria's Story
Your Donation Helps to Secure A Child's Future
In 1997, Ana Maria was a special-education-trained journalist with a dream of opening her own school. She loved kids and served in the kids’ ministry at her church, but her family encouraged her to pursue a more profitable venture. At first, Ana Maria followed their advice, but soon, it became clear that she wanted to teach.
At the beginning, Ana Maria had 17 students. Now they teach 270 children and employ 17 people. Her staff comes to this neighborhood to serve despite its reputation for regular violence and fires. Ana Maria chose the area because she knew this was where the work needed to happen. And amazingly, now students commute to attend the school. Some students even pay more in transportation than they do in school fees!
Five years ago, she began partnering with ASPIRE at the same time as she was opening a second building to fit more classrooms. She began with loans, and over time engaged ASPIRE’s training programs as well. They used their loans to remodel and improve their buildings. Eventually, Ana Maria hopes to open a new space where they have more room to facillitate a full day schedule.