
Jackfruit Finance
https://www.jackfruitfinance.com/
Sector
Other
Type
Direct Lending
Geography
Africa
Amount
$1,000,000
Year
2024
Jackfruit Finance provided debt finance to improve educational outcomes in Kenya. Jackfruit offers schools two financing products: working capital to support school operations and smoothen cashflow; and project/asset loans to invest in much needed school infrastructure, for example building out classrooms. Through expanding and upgrading facilities, schools can onboard more students, hence increasing access to education. Similarly, through access to affordable working capital to smoothen cashflows, schools can ensure continuity and avoid temporary school closures.In addition, to further drive positive educational and health impacts, Jackfruit offers Partner Reward programs to their customers through partnerships with NGOs and social businesses. Examples are school feeding programs, teacher training interventions, and water and sanitation programs.