Prodigy Finance secures $310M financing from DFC

Quick Summary:

This latest financing prioritises social impact with a minimum financing threshold of 30% for women and 50% for individuals from low- and lower-middle-income countries.

In September, Prodigy Finance launched a $30 million blended finance programme in collaboration with The Standard Bank of South Africa Limited and Allan & Gill Gray Philanthropies.

Since its founding in 2007, the international student lender has enabled over 43,000 postgraduate master’s students to attend top universities, disbursing over $2.3 billion in funding to students from more than 150 countries.

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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets: IndiaSouth Africa

Topics: Prodigy Information Funding Policy Financing Impact Countries Students Privacy Global Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 13:24:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 243 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23461379

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Official Website: yourstory.com

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