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Ed Partners Africa Secures $10 Million in Funding from DFC to Expand Access to Affordable Education in Kenya

Ed Partners Africa, a Kenyan non-banking financial institution that specializes in providing loans to affordable private schools, has announced a $10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC).

This funding will enable Ed Partners Africa to expand its reach and provide much-needed financial support to schools that are striving to offer quality education at affordable prices.

Founded in 2018, Ed Partners Africa has already made a significant impact on the Kenyan education landscape, reaching over 100,000 students across 350 schools.

The company provides infrastructural loans to schools to support the construction of new classrooms, washrooms, laboratories, and dormitories, as well as the acquisition of computers, buses, vans, and internet connectivity.

The loan guarantee from DFC will be instrumental in helping Ed Partners Africa expand its reach and provide essential financial support to even more schools.

This funding will enable the company to continue its mission of making quality education accessible to underserved populations in Kenya.

“This is an important transaction that will provide vital financing to support increased access to affordable, quality education, especially among underserved populations in Kenya,” said James Polan, Vice President of DFC’s Office of Development Credit.

“The investment reflects DFC’s commitment to improving access to education in Kenya and supporting sustainable development in the region.”

Ed Partners Africa’s CFO, Janet Waweru, expressed her gratitude for DFC’s support. “We are thrilled to partner with DFC in our efforts to expand educational opportunities in Kenya and East Africa.”

This partnership between Ed Partners Africa and DFC is a significant step towards ensuring that all Kenyan children have access to quality education, regardless of their socioeconomic background.

With the support of DFC, Ed Partners Africa will continue to play a vital role in improving educational outcomes and creating a brighter future for Kenyan students.

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