UBS Optimus Foundation and Co-Funders Commit USD $29 Million to Chancen International’s Future of Work Fund, Scaling Student Financing in Rwanda, Kenya, and South Africa
Chancen International has announced it has secured USD 29 million for its Future of Work Fund (the FWF). The FWF is a cutting-edge funding model that uses Income Share Agreements (ISAs) and will enable more than 15,000 young people to access quality education, offering an alternative to traditional debt-based student loans and reducing financing risks. This investment in the FWF includes a new commitment from the UBS Optimus Foundation and its developed and sponsored SDG Outcomes Fund, alongside a growing community of funders. The FWF’s goal is to close at USD 33 million by the end of 2026.
