Chancen International

The Mission

Get excluded kids into lucrative careers.

How It Works

Chancen offers no-risk financing through ethical Income Share Agreements (ISAs): an arrangement where a lender pays for a student’s education in exchange for a small, capped share of their post-graduation salary over a set number of years. They target the students most often overlooked and steer them into high-potential courses of study, then work with educational institutions to place them in quality jobs.

The Dream

Any rural student in Africa can access higher education through ethical ISAs, run by financial institutions and regulated by government.

Why We're In

The incomes Chancen graduates earn— 5x Rwanda’s national average—are life changing. They’ve launched a rigorous impact study and are demonstrating scale potential by working in four key African markets. They’re still iterating on how to simplify and automate the most complex things they do (vetting education providers, targeting the right borrowers, and making repayment easy). Chancen has a 95% repayment rate so far; now they have to show that returns are sufficient to attract commercial investors to finance the need across Africa, while baking in the ethics of their agreement structure.