Education finance – Impertimus https://impertimus.org Abaki Shule: Educate a Kenyan child Today, one school fee loan at a time Fri, 28 Jun 2024 13:37:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://impertimus.org/wp-content/uploads/2022/04/cropped-Impertimus-Education-Investment-Logo-RW-32x32.png Education finance – Impertimus https://impertimus.org 32 32 Nurturing Excellence with Abaki Shule Students Mentorship https://impertimus.org/nurturing-excellence-with-abaki-shule-students-mentorship/ Fri, 28 Jun 2024 13:33:16 +0000 https://impertimus.org/?p=8918
 
We believe that financial support is just one piece of the puzzle when it comes to nurturing students success, especially in Kilifi county.
Why Mentorship Matters:
1️⃣Mentorship plays a critical role in the effective growth and excellence of students. Beyond academic knowledge, students need guidance to navigate the complexities of their educational journey and personal development.
2️⃣ Research shows that mentorship can significantly impact a student’s academic performance and personal development. It provides a support system that helps students stay motivated, engaged, and focused on their goals.
Key aspects of our the ABAKI SHULE Mentorship program:
✓Holistic Development: Our mentorship program covers a wide range of topics, from academic support and career guidance to personal development and emotional resilience.
✓Skill Building: Our interactive workshops intend to help students develop critical skills such as effective communication and problem-solving.
✓Positive Role Models: We are striving to provide our students with positive role models through our network of individual partners to offer our students inspiration and encouragement.
While we are still in the early stages of this program, we want to AMPLIFY the critical role that mentorship will contribute to the success of the entire ABAKI SHULE school fee loans program. We are pursuing the mentorship program with EQUAL significance as our investment in the ABAKI SHULE school fee loans.
]]> Abaki Shule Achievement for Term 1 2024. https://impertimus.org/abaki-shule-achievement-for-term-1-january-2024/ Tue, 11 Jun 2024 14:45:59 +0000 https://impertimus.org/?p=8855
erm 1 Performance Highlights: #abakishuleloans
We are thrilled to share our achievements for Term 1! We disbursed a total of Ksh 180,682, providing 14 loans to 10 student beneficiaries across 7 schools, benefiting 9 dedicated parents. This milestone reflects our unwavering commitment to bridging the gap between financial constraints and educational opportunities ensuring students spend ZERO days at home.
Our Impact:
1. Direct Disbursements: Funds are sent directly to school accounts, guaranteeing 100% of the loan reaches the intended recipient.
2. Zero-Interest Loans: Our interest-free loans make education financing more affordable, allowing parents to focus on other essential household needs.
3. Flexible Repayments: We understand the fluctuations in household incomes, and our flexible repayment options adapt to these challenges, ensuring continuous education for students.
 
 
Join Us in Making a Difference:
As we continue to expand our reach and impact, we invite you to join us in this transformative journey. Together, we can break down financial barriers and create a brighter future for every child.
Our upcoming partnership program will give you an opportunity to:
1. Fund an affordable education loan
2. Mentor students every term
You are welcome to express your interest in supporting the ABAKI SHULE LOANS program in any of the two platforms.
Send us an email via info@impertimus.org or visit our offices in Kilifi town at Mwalimu House opposite Naivas.
]]> Celebrating 6 Years Anniversary https://impertimus.org/celebrating-6-years-anniversary/ Fri, 24 May 2024 08:59:38 +0000 https://impertimus.org/?p=8736
Celebrating 6 Years of Transforming Education Access at Impertimus
🎉 Happy 6th Anniversary to Us!🎉
 
Today marks a significant milestone in our journey at Impertimus. Six years ago, we set out with a vision to break down the financial barriers to education and empower dreams through accessible, innovative financial solutions. Our journey has been one of determination, countless iterations, and unwavering commitment to refining our products to better serve our communities.
 
Through the years, we’ve faced challenges head-on, revising our hypotheses and assumptions to develop impactful solutions like the Abaki Shule loans. This product, which started as a simple idea, has evolved into a lifeline for many economically disadvantaged families in Kilifi County, ensuring their children remain in school and continue their education without interruption.
 
 
Key Highlights of Our Journey:
– 6 Years of Dedication: From our founding days to now, our mission has remained clear: to provide seamless access to innovative education finance solutions to those who need it most.
– Abaki Shule Loans: A groundbreaking product that pays 100% of school fees directly to schools at ZERO interest and supports flexible repayment terms tailored to our beneficiaries’ needs.
– Community Impact: With over 50 school fee loans disbursed and a network of local partnerships, we’ve made significant strides in keeping children in school and relieving financial burdens from their families.
As we commemorate this special day, we invite you to join us in our mission. Whether you’re an individual, organization, or potential partner, your support can make a tremendous difference. Let’s work together to ensure every child has the opportunity to thrive through education.
 
📥 Download Our Brand Story: Discover the full story of Impertimus and the Abaki Shule loans in our detailed brand story document. Learn more about our journey, our impact, and how you can get involved. [Download Link – (https://bit.ly/4bM44My)
 
Thank you for being part of our journey. Here’s to many more years of transforming lives and empowering dreams through education!
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]]> Abaki Shule Loan Feature 4 https://impertimus.org/abaki-shule-loan-feature-4/ Wed, 15 May 2024 12:46:20 +0000 https://impertimus.org/?p=8790
4️⃣ Loan issued = 100% fees required in the term #ZeroBalance
 
We have achieved unique results by providing loans equal to the sum owed to schools by our beneficiaries in a term.
 
Here are the highlights of this offer to our beneficiaries:
 
* Immediate TOTAL relief #lipafeepolepolebilaSTRESS
 
* No “DOUBLE DEBT”. Parents or guardians do not worry anymore about obligations owed to school.
 
Once ABAKI SHULE loans reach schools, their obligation is to repay the advanced amount to Impertimus ONLY.
 
 

The opposite of this is seen in ‘quick loan solutions’ which leave parents struggling to repay loans issued by providers on one end and schools on the other in order to clear balances not covered by loans taken in the first place.

This is unfortunate for households whose income is limited, need constrained and have to face constant shift in priority of allocation.

The challenge of loans that are less than what schools require in a term can be summed up by this: “When the lender’s payments are due and schools demand unpaid balances, who does the parent prioritize?”

]]> ABAKI SHULE STUDENT MENTORSHIP DAY https://impertimus.org/abaki-shule-student-mentorship-day/ Mon, 29 Apr 2024 08:48:33 +0000 https://impertimus.org/?p=8836

A lot of vigor, spirit and everything energetic! Our inaugural mentorship activity was both fun and informative. Well timed for our loan beneficiaries.

We conduct termly mentorship sessions for all the students who are recipient of ABAKI SHULE loans.

For our April 2024 mentorship session, we had 26 students from the Mavueni, Sokoni area in Kilifi north. Our core facilitator was Mutinda Mwende from Education Empowerment Initiative took our scholars through the following topics:

1). General education.

2) Sex education.

Coupled with real life to help stories students understand and grasp the reality of their lives.

Ms. Mwende emphasized on the 5 P’s that the students should consider in their academic Journey.

PROPER, PLANNING, PREVENT, POOR, PERFORMANCE.

 

She guided them on how to make a good timetable combined with a realistic goal setting for every subject. She emphasis having a group discussion with focus student and liken it to a human hand each finger represents a student who are bright on different subject if they come together, they can help each other and become strong.

On sex education, she pointed out that though teenagers portray boy-girl relationship to have some benefits most of the time they end up misleading each other and most of the times girls find themselves at a disadvantage if they get pregnant.

The students were guided on proper time management, Self-control and confidence in their daily life in order to excel. They were encouraged to focus on study and work smart for a bright future that they all are longing for because once time pass, they can’t undo what is done.

 

It was an insightful and impact-full session, and we hope there will be an improvement in their lives and academic this new term.

We look forward for the August mentorship session where we will include several speakers and interesting activities.

 

]]> Abaki Shule Loan Features 3 https://impertimus.org/abaki-shule-loan-features-3/ Thu, 25 Apr 2024 12:31:16 +0000 https://impertimus.org/?p=8784
 
3️⃣ Pay school fees in manageable instalments #backtoschool
 
Through ABAKI SHULE, we have stomped out the myth of ‘non-bankable’ families and established that households have inconsistencies, fluctuations and delays in their incomes.
This puts them in difficult working positions with school administrators that demand fee payments in large sums that they are unable to raise when requested e.g at the beginning of a school term.
 
ABAKI SHULE pays 100% of school fees in a term upfront and requires parents to pay monthly installments on amounts advanced to schools on their behalf. Even when parents are unable to meet their monthly instalment, we are quick to restructure payments and adapt with income flow challenges that may have faced them.
 
This FLEXIBILITY guarantees continued relationship with our borrowers and resultant retention of students in school #zerodaysathome
]]> Abaki Shule Loan Feature 2 https://impertimus.org/abaki-shule-loan-feature-2/ Sun, 24 Mar 2024 10:54:50 +0000 https://impertimus.org/?p=8758
 
2️⃣We are lending at 0% (Zero percent/interest free) #abakishuleloans
This is yet another critical if not the most impressive feature of the ABAKI SHULE INITIATIVE.
The cumulative cost of education(tuition fees, stationery, transport and others) is very high to most willing to pay parents and guardians. In addition to termly tuition fees required off their income, parents and guardians continuously contend with other basic household necessities to keep their homes running. Needless to say that any cost burden removed from these households is a saving that is quickly transferred to serve another basic need. This is why the ABAKI SHULE LOAN was envisaged to become the MOST affordable financing option, giving reprieve to the highly need constrained incomes of its beneficiaries.
 
 
We are able to offer the ABAKI SHULE LOAN as an interest free loan facility through a REVOLVING FUND supported locally by would be fundraisers who have shifted their support approach to this new model.
 
]]> Abaki Shule Loan Features https://impertimus.org/abaki-shule-loan-features/ Sat, 24 Feb 2024 10:44:00 +0000 https://impertimus.org/?p=8746
 
 
#️⃣1️⃣ From the Financier to Recipient School Accounts~ #abakishuleloans
 
This feature alone distinguishes the ABAKI SHULE LOAN significantly from mainstream school fee loans available in traditional financial institutions. Its benefits being as follows:
 
*100% of loan principle guaranteed to reach schools
 
*A better sense of financial planning to borrowers
 
*An opportunity for establishing working relationships with schools offering security to loan beneficiaries while awaiting Disbursements.
]]> Revolutionizing Education Financing: Impertimus’ Innovative Approach. https://impertimus.org/revolutionizing-education-financing-impertimuss-innovative-approach-to-empower-economically-disadvantaged-students/ Tue, 27 Jun 2023 08:00:40 +0000 https://impertimus.org/?p=6009

In Kenya, thousands of children from economically
disadvantaged households are deprived of education due to
financial barriers. Impertimus, a pioneering organization, is
transforming the education landscape by providing zero interest school fee loans to these students. By addressing the
core challenges of capital risk, affordability, and access, Impertimus is making education accessible to those who need
it the most.

Navigating Challenges: Redefining Possibilities

Impertimus understands the risks associated with lending to economically disadvantaged households. By implementing rigorous background checks, utilizing a novel credit scoring mechanism, and employing group access for loan dispersal, Impertimus has successfully reduced capital risk. This approach has led to an impressive 85% loan recovery rate, ensuring sustainable support for future generations. 

To enhance affordability, Impertimus offers school fee loans at 0% interest, alleviating the burden on economically disadvantaged families. The organization charges only a standard loan service fee and a monthly group maintenance fee, significantly lower than the costs imposed by other financial providers. This groundbreaking approach ensures that education remains within reach for these households.

Bridging the Access Gap: Empowering Communities

Impertimus has revolutionized access to education finance through a combination of human and computer-assisted user engagement. Loan applications can be completed online or with the assistance of agents in the community, making it easy for different users to access the much-needed financial support. This user-centric approach empowers families to navigate the loan application process seamlessly, bringing education finance to the grassroots level.

A Community of Impact Investors: Joining Forces for Change

Impertimus’s innovative model of raising capital sets it apart from traditional approaches. The organization has established a community of local impact investors, comprising individuals and organizations who provide financial support through a crowdfunding model. These funds directly increase the loan capital, while a 10% management fee supports operational costs. This collaborative approach ensures a sustainable and scalable solution to education financing.

Addressing the Social Problem: Transforming Lives, One Student at a Time

Impertimus’s work addresses the pressing social problem of a large number of children being out of school in Kenya. With nearly 1.8 million children out of school and parents struggling to meet education expenses, Impertimus’s zero-interest school fee loans enable economically disadvantaged households to keep their children in secondary schools consistently. By reducing the number of days children spend at home waiting for unpaid school fee balances, Impertimus mitigates the risk of poor academic performance, early pregnancies, marriages, and substance abuse

Future Impact and Scalability: Shaping a Transformed Educational Landscape

Impertimus’s strategy for scaling impact involves forging strategic partnerships with local organizations, government bodies, and financial providers. Through these collaborations, Impertimus aims to expand its reach nationwide, finance more individuals, introduce new education finance products, and establish strong partnerships beyond Kenya’s borders. In five to ten years, Impertimus envisions a transformed education landscape, where more economically disadvantaged students have the opportunity to pursue their educational aspirations and build a brighter future.

 

Conclusion: Join the Movement for Change

Impertimus’s groundbreaking approach to education financing is revolutionizing lives and opening doors of opportunity. By minimizing risk, enhancing affordability, bridging access gaps, and engaging impact investors, Impertimus is driving lasting change. You can be part of this transformative journey too. Join Impertimus in their mission to empower economically disadvantaged students by becoming an impact investor or spreading the word about their innovative solutions. Together, we can unlock the true potential of education and create a brighter future for all. Visit Impertimus’s website to learn more and join the movement today.

]]> Why is the Education Revolving Fund Repayable? https://impertimus.org/why-is-the-education-revolving-fund-repayable/ Wed, 14 Jun 2023 14:22:18 +0000 https://impertimus.org/?p=5881

What is the Education Revolving Fund?

It is a sustainable Tuition fund pool that is accessible to parents throughout the education lifetime of the child in secondary school offered by Impertimus. The parents access the funds as a #zerointerest school fees loan paid to school at the beginning of term or academy year keeping children in school, covering 100% of the tuition cost with a repayment period of 6 months. Upon repayment the parent can access it again to cover the subsequent academic years of the child. This enable access, retention and school completion.

Why is the Education Revolving Fund repayable?

1.   Parents mostly receive donation or well-wisher contribution to cover school fees for academic term or a year for their children. However, parents are left stranded, struggling to cover the next term or academy year education costs if they don’t receive another donation or contribution. The Education Revolving Fund being repayable, ensures that the parent can access it again for subsequent term or academy year ensuring a child stay in school.

  1. Most parents pay school fees in installments despite their financial challenges to keep their children in school according to their irregular income flow. However, school administration require full school fees paid at the beginning of the term, leaving most of their children #outofschool for 3 to 14 days interrupting their learning process and academic pursuit. The Education Revolving Fund is there to bridge this gap, helping the parent meet school fees cost at the beginning of the term, ensuring a #childstaysinschool and paying it back according to his or her income flow. The Education Revolving Fund enhances the ability of parent to meet the education cost and keeping children in school.
  1. The Education Revolving Fund is a collaboration between donors and parents.

 It #appreciates, #encourage and helps parents carry out their obligation of educating their children with ease each academic term or year. 

The fund #appreciates and make the donation and contribution from donors and well-wisher #sustainable not just to meet one term or academic year but creates #multiple impact as it is recycled when the parent pays back and access it again to meet the education cost through the education journey of 4 years of his or her children who are in secondary school.

  1. The Education Revolving Fund has a #partialscholarship component to support children in school as well as enhancing further the #parentsability to #meettheeducationcost by reducing the amount a parent pays back to the Education Revolving Fund keeping children in school.

Through the Education Revolving Fund, Impertimus makes it easy for people like you to #find, #support and contribute to children and their families by providing fund to meet the education cost. As a donor, you get the possibility to #allowyourmoney to create #socialimpact and do good in the lives of the children.

Our end goal is; a child joins school, #staysinschool and reach their full #potential.

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