New Field Partner: Making education affordable in Somaliland with Abaarso
Somalilandsun – Kiva just launched a new partnership with the Abaarso School of Science and Technology in Somaliland!
Through this partnership, Kiva lenders will be able to make loans to help students afford quality education, all the way from primary school through graduate school!
According to Kiva’s Camille Ricketts the partnership with Abaarso gives lenders the chance to provide partial tuition loans to brilliant high school students who could not otherwise afford education.
By offering longer-term loans with repayment periods up to five years, Kiva will help the Abaarso School of Science and Technology become more sustainable and serve a greater number of deserving, low-income students. This Kiva funding is enabling Abaarso to establish its first ever loan program, and give students and their families a choice of the best loans to fit their financial situations.
To approach this program as responsibly as possible, Kiva and Abaarso have emphasized involving students’ families every step of the way. All loan contracts are executed by both the student and their parent or guardian. When possible, the student’s clan leader is also involved — helping to rally an entire community behind the student’s academic success.
Read the piece by Camille Ricketts on the first of its kind in Somaliland’s education sector titled “New Field Partner: Making education affordable in Somaliland with Abaarso”