Citation

IDP Rising Schools Program: Financial services to low income private schools. Liesel Pritzker, IDP Foundation, Inc.

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Abstract:

TOPIC: Microfinance and Education Outcomes

GOAL of the IDP Rising Schools Program: The IDP Rising Schools Program (IDPRS), developed by the IDP Foundation, Inc. in partnership with Opportunity International US and Sinapi Aba Trust (A Ghanaian NGO and the largest MFI in Ghana), aims to transform the lives of impoverished children by providing them with a quality education in both urban and rural areas of Ghana through the combination of microfinance loans and capacity building services that are specifically tailored to the needs of our target deprived non-government schools.

The Program’s five main goals directly address 4 of the 8 millennium development goals. The IDPRS goals are:
• Increase enrollment in the schools
• Improve the quality of education offered to the students
• Increase sustainability (and profitability) of the schools
• Create a positive impact on the microfinance institution, a
• Achieve gender equality in the participating schools.

CONCEPTUAL FRAMEWORK: The education advocacy community needs to stress the importance of embracing both public and private sectors. In many developing countries, public school systems lack the resources to meet the education needs of the entire population, especially those of children not living in close proximity to a public school.

The IDP Rising Schools Program boosts the development of existing, very poor non-government schools for disadvantaged children throughout Ghana and is building a sustainable educational model that can be supported through microfinance loans and capacity-building services, specifically tailored to the needs of the targeted schools. The income generated on the loan portfolio pays for the trainings, which in turn affects the repayment rate of the loans.

IDPRS is a unique initiative proving that strategic investment in education can not only impact the quality of education for thousands but, at the same time, exist sustainably.

Currently, IDPRS is directly impacting 20,000 children of Ghana. Over the next four years, the Program plans to expand to 1,500 schools throughout 7 regions in Ghana impacting an estimated 240,000 children.

Methodology: IDPRS incorporates several components which work together to holistically address impoverished non-government schools in four regions of Ghana. The provision of targeted financial services through microfinance is necessary to improve school infrastructure. The facilitation of trainings to school proprietors, teachers, and caterers is crucial to impact the quality, safety and sustainability of the targeted schools. All services are administered by Sinapi Aba Trust in an effort to avoid outsourcing.

Results: IDPRS has contracted independent researchers in Ghana who are conducting baseline and impact assessments throughout the program. The first impact assessment data will be available in April 2011.
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Association:
Name: 55th Annual Conference of the Comparative and International Education Society
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http://www.cies.us


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URL: http://citation.allacademic.com/meta/p493502_index.html
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MLA Citation:

Pritzker, Liesel. "IDP Rising Schools Program: Financial services to low income private schools. Liesel Pritzker, IDP Foundation, Inc." Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada, Apr 30, 2011 <Not Available>. 2014-11-26 <http://citation.allacademic.com/meta/p493502_index.html>

APA Citation:

Pritzker, L. , 2011-04-30 "IDP Rising Schools Program: Financial services to low income private schools. Liesel Pritzker, IDP Foundation, Inc." Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada <Not Available>. 2014-11-26 from http://citation.allacademic.com/meta/p493502_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: TOPIC: Microfinance and Education Outcomes

GOAL of the IDP Rising Schools Program: The IDP Rising Schools Program (IDPRS), developed by the IDP Foundation, Inc. in partnership with Opportunity International US and Sinapi Aba Trust (A Ghanaian NGO and the largest MFI in Ghana), aims to transform the lives of impoverished children by providing them with a quality education in both urban and rural areas of Ghana through the combination of microfinance loans and capacity building services that are specifically tailored to the needs of our target deprived non-government schools.

The Program’s five main goals directly address 4 of the 8 millennium development goals. The IDPRS goals are:
• Increase enrollment in the schools
• Improve the quality of education offered to the students
• Increase sustainability (and profitability) of the schools
• Create a positive impact on the microfinance institution, a
• Achieve gender equality in the participating schools.

CONCEPTUAL FRAMEWORK: The education advocacy community needs to stress the importance of embracing both public and private sectors. In many developing countries, public school systems lack the resources to meet the education needs of the entire population, especially those of children not living in close proximity to a public school.

The IDP Rising Schools Program boosts the development of existing, very poor non-government schools for disadvantaged children throughout Ghana and is building a sustainable educational model that can be supported through microfinance loans and capacity-building services, specifically tailored to the needs of the targeted schools. The income generated on the loan portfolio pays for the trainings, which in turn affects the repayment rate of the loans.

IDPRS is a unique initiative proving that strategic investment in education can not only impact the quality of education for thousands but, at the same time, exist sustainably.

Currently, IDPRS is directly impacting 20,000 children of Ghana. Over the next four years, the Program plans to expand to 1,500 schools throughout 7 regions in Ghana impacting an estimated 240,000 children.

Methodology: IDPRS incorporates several components which work together to holistically address impoverished non-government schools in four regions of Ghana. The provision of targeted financial services through microfinance is necessary to improve school infrastructure. The facilitation of trainings to school proprietors, teachers, and caterers is crucial to impact the quality, safety and sustainability of the targeted schools. All services are administered by Sinapi Aba Trust in an effort to avoid outsourcing.

Results: IDPRS has contracted independent researchers in Ghana who are conducting baseline and impact assessments throughout the program. The first impact assessment data will be available in April 2011.


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