LMDF participated in education credit in microfinance workshop

LMDF, as a founding investor of the Higher Education Finance Fund (“HEFF”), participated in the workshop on educational credit attended by 10 leading Latin American MFIs held in Costa Rica on the 6th and 7th of April 2016.

The event brought together credit and product managers developing educational credit products for low-income households in seven Latin American countries under the umbrella of the Higher Education Finance Fund. HEFF started its work in 2013 to lower barriers of access for students coming from low-income household to complete technical and university education.

At the end of 2015, HEFF financed 2.667 students (53% women). 17% of students pursue technical degrees and 83% undergraduate degrees at private and public universities. The most popular career choices are business, medicine or civil and technical engineering and a majority of students come from households with monthly income below $730.

LMDF has facilitated the creation of HEFF through a seed investment in 2012.