Banking on Education: The Demand for Finance from Low-Cost Private Schools

Low cost private schools represent a growing SME segment that is vastly underbanked. These schools educate millions of low-income children, and offer an opportunity to improve the quality of education in Africa. CapPlus researchers interviewed 998 school proprietors in five African cities and concluded that financial institutions can support schools in growing, improving their financial management and the children’s learning outcomes – all as a profit-generating line of business.