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UBS puts Indian girls into school - and makes a profit
by Lee Mannion
Thomson Reuters Foundation Translate This Article
13 July 2018
On 13 July 2018 Thomson Reuters Foundation reported:
An innovative financial tool aimed at increasing the number of girls in school in India and improving education has exceeded its targets, triggering a large payout, said the investor UBS Optimus Foundation on Friday (13 July). The world's first-ever Development Impact Bond (DIB) in education saw the foundation, which was established in 1999 by the Swiss investment bank UBS, provide $270,000 to fund an initiative by the Indian charity Educate Girls.
Global Good News service views this news as a sign of rising positivity in the fields of education and business, documenting the growth of life-supporting, evolutionary trends.
... Educate Girls enrolled 768 girls between ages 7 and 14 in 141 villages in the northern state of Rajasthan, and offered supplementary learning to 7,318 children at 166 schools.
After three years, learning levels in literacy and maths were 28 percent better than children who did not have support from Educate Girls. ...
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