Banyan Education Pilot SPV
Resources: Pitch Deck ・ Pilot Investment Terms
Banyan Education Pilot SPV intends to purchase a curated high quality pool of Income Sharing Agreements (ISAs) from Preferred ISA Providers working in Target Geographies.
Millions of youth in the global south cannot afford the education that moves them from poverty into employment pathways that tackle the climate, health, and food crises. Income-sharing agreements (ISA) make this attainable and sustainable - students pay only when employed, and crucially, education costs match local wages. Banyan Education is unlocking impact at scale by creating a diversified and securitized ISA investment fund - we give proven student finance providers money today for the payments their employed graduates will make over the next decade, enabling the education of more students today while providing long-term returns to investors. We're creating a sustainable outcome-based finance solution that scales individual success into systemic change.
Where Your Capital Goes
| Breakdown | Students (#) | Students (%) | Amount ($) | Amount (%) |
|---|---|---|---|---|
| Provider | ||||
| Chancen International, Rwanda | 493 | 70.3% | $1,000,000 | 50.0% |
| Lumni Colombia S.A.S. | 208 | 29.7% | $1,000,000 | 50.0% |
| Geography | ||||
| Rwanda | 375 | 53.4% | $760,000 | 38.0% |
| Colombia | 208 | 29.7% | $1,000,000 | 50.0% |
| South Africa | 89 | 12.7% | $180,000 | 9.0% |
| Kenya | 20 | 2.8% | $40,000 | 2.0% |
| Ghana | 10 | 1.4% | $20,000 | 1.0% |
| Field of Study | ||||
| Business & Management | 317 | 45.3% | $644,000 | 32.2% |
| Engineering | 189 | 27.0% | $904,000 | 45.2% |
| Technology & Computing | 84 | 12.0% | $171,000 | 8.6% |
| Other/Unknown | 33 | 4.6% | $66,000 | 3.3% |
| Health | 21 | 3.0% | $100,000 | 5.0% |
| Trades & Apprenticeships | 20 | 2.9% | $41,000 | 2.1% |
| Foundation & General Studies | 13 | 1.8% | $26,000 | 1.3% |
| Hospitality & Tourism | 11 | 1.6% | $23,000 | 1.1% |
| Currency | ||||
| USD | 493 | 70.3% | $1,000,000 | 50.0% |
| COP | 208 | 29.7% | $1,000,000 | 50.0% |
Investment Partner Details
Chancen FWF
Chancen International, RwandaChancen International's Future of Work Fund (FWF) is a blended finance vehicle domiciled in the Kigali International Financial Centre (KIFC), Rwanda. The fund has secured investments from institutions including the US Development Finance Corporation, UBS Optimus Foundation (anchor investor), Klett Group, Kaizenvest, Ceniarth and Cassiopeia.
Chancen International is a non-profit organization offering marginalized youth in Africa access to high quality skills development through ethical education financing using Income Share Agreements (ISAs). Launched in Rwanda in 2018, the organization has proven the ISA model's sustainability in African markets with strong graduation and employment rates, and portfolio performance exceeding initial projections. The organization particularly focuses on women and rural youth. Chancen's rigorous partner selection process ensures education institutions deliver market-relevant skills with strong employment track records.
Executive team:
- Batya Blankers (Co-Founder and CEO) financed her BA studies through an Income Share Agreement in Germany, before launching the model in Africa. Blankers has successfully led the organization's growth from pilot to scale across four African countries.
- Ross Nathan (CFO) has 20+ years experience in African financial inclusion, serving in positions such as CEO, CFO, COO and consultant for development and financial institutions.
Country
Qualifications
Snapshot
Lumni Full Classrooms
Lumni Colombia S.A.S.Lumni's Full Classrooms Funds are an innovative education financing vehicle in partnership with education institutions in Colombia, where the company was founded in 2002. The fund primarily finances graduate studies, and a limited number of undergraduates and bootcamp students.
Lumni is a pioneering social enterprise that originates designs and manages Income Share Agreement (ISA) funds for higher education financing in emerging markets. Founded in Colombia and now operating across Chile, Colombia, Mexico, Peru, and the United States, Lumni has financed over 28,000 students to date. Lumni has received recognition from the World Economic Forum, Clinton Global Initiative, Ashoka, Endeavor, and UBS for its innovative approach to education financing.
Executive team:
- Kira Gidron (CEO) holds a Master's degree in systems engineering and a bachelor's degree in mechanical engineering from Cornell University. Prior to leading Lumni, she worked at the Global Opportunity Youth Network – Bogotá and spent seven years at Accenture where she led projects on smart cities, Internet of Things, and sustainability. She brings deep expertise in social impact and innovation, with four years focused specifically on education and employment initiatives.
- Felipe Vergara (Co-Founder) holds an MBA from Wharton and previously worked as a consultant at McKinsey & Company. He was recognized by Ashoka as a Leading Social Entrepreneur and received the World Economic Forum Social Entrepreneurship Award for Latin America (2011).
- Miguel Palacios (Co-Founder) authored "Investing in Human Capital" (Cambridge University Press, 2004), which laid the theoretical foundation for ISAs.