Investment where profit means better schools
The worlds of bonds, investors and the financial markets might seem like a long way from the millions of the world’s poor who never even get to see their children going to school.
But a project is trying to harness the money and energy of the financial markets to the delivery of higher standards of education.
It wants cash and compassion to go hand in hand.
The British Asian Trust is planning to raise $10m (£7.5m) for an “education development impact bond” in which investments are linked to specific targets in improving education for disadvantaged communities in India.
It’s a project being supported by the British Asian Trust’s founder, Prince Charles.
The trust wants to apply a business-like model to supporting education for extremely deprived communities. The funding is based on a bond – a loan which will be repaid with interest.
Photo courtesy of TESS India.
Source: BBC (link opens in a new window)