Central & South America - Higher Education Finance Fund
Site Central and South America
Sector Education, microfinance lending
Challenge Limited government subsidies for student loans mean many local youth cannot afford to go to college.
Solution OPIC is providing a $10 million loan to the Higher Education Finance Fund and the Calvert Social Investment Foundation, Inc. to provide loans to microfinance institutions and other financial intermediaries, which will in turn provide loans for higher education to underprivileged youth in Guatemala, Honduras, the Dominican Republic, Peru, Bolivia and Paraguay.
Impact Students in these regions who graduate from a university earn salaries three to five times greater than those of high school graduates.
This project was profiled in 2013