In Kenya, IFC’s $10 million equity investment supports expansion of Bridge International Academies. By standardizing everything from content development and teacher training to academy construction and billing, Bridge is able to deliver quality education at just over $6 per month, serving families who live on less than $2 per day per person.
Our $100 million equity investment in Laureate Education is helping to expand access to higher education in Latin America, the Middle East, and Africa. Laureate has been a pioneer in higher education, serving 750,000 students in 30 countries, 18 of which are in emerging markets.
Education technologies hold great potential for promoting access to university and vocational education for students in developing countries. IFC’s investment of $5 million in Coursera, the largest provider of massive open online courses, is a step towards realizing that potential and transforming the way people access education and learn.
In Namibia, Trustco Education provides students enrolled in its distance learning tertiary education courses with direct access to affordable financing through Trustco Finance. IFC’s loan of $11 million enabled the company to expand its lending program.
In the Philippines, our $16 million loan is enabling the Asian School of Hospitality Arts (ASHA) to expand its curriculum to include courses in hotel, restaurant, and hospitality management. With our financing, ASHA is targeting to increase enrollment from 1,400 to 6,400 by 2015.
In Ghana, Ashesi University College’s Class of 2011 had a 99 percent job placement record within five months of graduation. IFC’s $6 million investment is helping it increase enrollment from 500 to 2,000.