Co-School has recently signed a big contract with the the Ministry of Ed to work in Choco to develop students’ leadership skills and strengthen communities. Co-School will reach nearly 500 students over 5 months (pictured in the first photo is one of the CoSchool mentors) . Co-School needs Kiva lenders’ support to deliver the contract as they don’t have the cash upfront and the Ministry of Ed has really long payment cycles.
About Co-School : CoSchool’s mission is to help young people develop the character and leadership skills they need to reach their potential.
Impact: Through their leadership, summer school and teacher training programs in 2014, they have impacted the lives of 390 students, including 67% from low-income families, as well as 100 teachers.
Background Information: Colombia is coming out of 50 years of civil war, mistrust and fear, but the education system is not teaching young people the character skills to help them reach their potential. What’s more, the country finished bottom of 65 countries in a recent study (PISA 2012) in problem-solving and perseverance – exactly the skills young people need to become the changemakers of the future.
Risk: The main repayment risk is the Ministry of Education being late on payments to CoSchool and therefore CoSchool being late to pay Kiva lenders.
This loan is special because:
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About Unreasonable Institute:
Unreasonable Institute is a social enterprise accelerator that connects entrepreneurs with the resources and means to address major problems and helps them create scalable solutions. Kiva funding will be used by select ventures that graduated from an Unreasonable Institute accelerator to help entrepreneurs increase impact, and must be used immediately for “productive assets,” or resources that will generate revenue.