Gray Matters Capital Foundation
Affordable Private School Initiative
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS SCHEDULE OF EVENTS WELCOME Welcome and thank you for joining Gray Matters Capital Foundation (GMC) at the first global symposium on Affordable Private Schools. GMC believes that access to quality education can provide new opportunities and significantly improve lives for children and families. Through our work, we seek to strengthen Affordable Private Schools (APS) by connecting schools to resources that allow them to improve the quality of education while remaining accessible and affordable for low‐income families. We look for partnerships with schools and others within the ecosystem who share our quest to keep learning at the forefront of APS business model. This Symposium is an important opportunity to bring together stakeholders from across the globe to shape this sector’s future. Since each participant is currently making a valuable contribution to the sector, the agenda has been designed for active and engaged participation. Together, we will share experiences and knowledge that will help us evaluate how each of our initiatives enhance the APS ecosystem and ensure a bright future for students. We look forward to learning with you over the next two days. If you have any questions or need assistance during the conference, please contact Sharayu Kamath at sharayukamath@gmail.com or +91 9177085666.
Sincerely,
Genia Topple, Executive Director
Molly McMahon, Program Officer
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS SCHEDULE OF EVENTS OUR WORK About Gray Matters Capital Foundation Gray Matters Capital Foundation (GMC) was founded in 2006 by Bob Pattillo as the philanthropic arm of Gray Ghost Ventures. The Foundation seeks to improve the well being of the world’s underserved communities through partnership and impact investing.
Affordable Private Schools Initiative ∗
School Ratings Tool GMC has created a School Ratings system to make information more available and transparent in the sector. The system will help school managers, parents, regulators, and investors better assess the quality of education offered by APSs.
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School Finance Facility GMC is conducting a study to explore avenues and increase the availability of infrastructure loans to APS operators in Kenya, Ghana, Peru, Ecuador and Dominican Republic – countries where significant Affordable Private School activity has already been documented.
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EnterprisingSchools.com EnterprisingSchools.com is a collaborative online resource for stakeholders working to improve APSs across the world. It is a portal where education practitioners, academics, investors, donors, and other stakeholders can connect, communicate, collaborate and share information in order to better understand the sector.
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS SCHEDULE OF EVENTS THURSDAY, OCTOBER 22 8:00 am
Registration Desk Opens
8:30 am – 11:30 am
School Visits: Students, Teachers, and Parents Speak Out
11:30 am – 1:00 pm
Welcome Lunch & Outlining the Framework
1:00 pm – 1:45 pm
The Brains Behind the Business: Interviews with School Owners
1:45 pm – 3:00 pm
Affordable Private Schools: Profile, Challenges & Opportunities
3:00 pm – 3:30 pm
Coffee Break
3:30 pm – 5:00 pm
Tactical Session I: Curriculum Tools & Technology
5:00 pm – 6:00 pm
Tactical Session II: Government Engagement
6:30 pm
Cocktail Gathering: Speed Networking Dinner
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS SCHEDULE OF EVENTS FRIDAY, OCTOBER 23
9:00 am – 10:30 am
Tactical Session III: Assessment
10:30 am – 11:00 am
Coffee Break
11:00 am – 12:30 pm
Tactical Session IV: Training
12:30 pm – 2:00 pm
Networking Lunch
2:00 pm – 3:30 pm
Tactical Session V: School Financing
3:30 pm – 4:30 pm
Wrap‐up Session & Future Collaboration Opportunities
4:30 pm – 5:30 pm
Optional Networking Meetings
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS School Visits: Students, Teachers, and Parents Speak Out Small groups will visit an APS in Hyderbad’s Old City and participate in inspirational conversations with students, teachers, managers, and parents. The Brains Behind the Business: Interviews with School Owners School owners will share the triumphs and challenges of their experiences, along with interventions that have made a difference. Affordable Private Schools: Profile, Challenges & Opportunities Professor James Tooley will provide a sector overview and share APS case studies from different geogra‐ phies. Facilitator will then introduce SWOT exercise and pre‐assigned groups will brainstorm on sector’s SWOT from their perspective. Tactical Session I: Curriculum Tools & Technology Educomp, iDiscoveri, and Rumi Education will share their innovative curriculum interventions with APSs. Participants will discuss accomplishments and challenges, success metrics, potential areas for collaboration in curriculum enhancement for APSs and ways to scale interventions. Tactical Session II: Government Engagement CCS, KISA and USAID will discuss the regulatory environment affecting APSs in their respective countries. Participants will explore how best to engage the government in sector activities and strategies for garner‐ ing support.
PARTICIPANTS SCHOOLS VISITS SESSIONS DESCRIPTIONS Tactical Session III: Assessment GMC, M‐CRIL, MSDF and Pratham/ASER will present the work they have done in assessment including insight on strategic goals and implementation challenges. Participants will explore opportunities for broader collaboration around assessment and likely pitfalls to be faced in sector adoption. Tactical Session IV: Training Gyan Shala, IFC, Teacher Foundation and USAID will present their experiences with teacher training and management capacity building at APSs. Participants will discuss opportunities and challenges and search for ways to increase training opportunities for more APSs. Networking Lunch (self selected working groups) Participants will have the opportunity to ask others for advice on their work by hosting lunch tables. Participants will sign up according to their interests and tables will be organized around the various topics. Tactical Session II: School Financing ASPIRE, ISFC and Sinapi Aba Trust will present APS lending models including what makes them unique, insight on goals and challenges and projected financial and/or social return. Participants will discuss issues and make recommendations for increasing access to school lending for more APSs.
PARTICIPANTS SCHOOLS VISITS PRAGATHI HIGH SCHOOL
Correspondent: Madhu Sudhan Mr. Madu believes that education should be holistic and impact students’ social, political, and economic development.
School Information:
Open Since: 1992
Student Enrollment: 2100, Nursery ‐ 10th
Growth Rate 2008 ‐ 2009: 10% (admission restricted)
Address:
Number of Teachers: 75
2‐3‐528/15/B, Bapu Nagar, Amberpet, Hyderabad
Standard 10th Pass Percentage Rate: 93%
Fees: 400 ‐ 700 INR/Monthly
MOHAMMAD MEMORIAL SCHOOL
Correspondent: Mohammed Mustaq Mr. Mustaq was inspired at an early age by his teachers and wants to give today’s students the education they need to succeed.
School Information:
Open Since: 1996
Student Enrollment: 1000, Nursery ‐ 10th
Growth Rate 2008 ‐ 2009: 25%
Address:
Number of Teachers: 29
4‐25‐38/2, Wadi‐E‐Mohmood, Dairy Farm, Hyderabad
Standard 10th Pass Percentage Rate: 85%
Fees: 80 ‐ 280 INR/Monthly
PARTICIPANTS SCHOOLS VISITS OXFORD HIGH SCHOOL
Correspondent: Renuka Bhai Mrs. Renuka’s vision is to continue to increase enrollment by offering project based education that satisfies both teachers and students.
School Information:
Open Since: 1999
Student Enrollment: 667, Nursery ‐ 10th
Address:
Growth Rate 2008 ‐ 2009: 8%
Oxford Building, Snehapuri Colony, Kushaiguda, Hyderabad
Number of Teachers: 18
Standard 10th Pass Percentage Rate: 95%
Fees: 200 ‐ 400 INR/Monthly
GRACE MODEL HIGH SCHOOL Correspondent: Irfan Baig Mr. Irfan believes that education is important for the impoverished. “It is the only tool with which they can reach their goals or help others….Even now I continue to study.”
School Information:
Open Since: 2002
Student Enrollment: 450, Nursery ‐ 10th
Address:
Growth Rate 2008 ‐ 2009: 15%
13/4/395/A, Old Sabji Mundi, Hyderabad
Number of Teachers: 13
Standard 10th Pass Percentage Rate: 75%
Fees: 70 ‐ 220 INR/Monthly
PARTICIPANTS
Country
Organization
Representatives
Australia
Youth With a Mission
Mark Brokenshire
jmark@bigpond.com
Sunshine Fortune
Dr. Liu Qiang
stone03446@hotmail.com
ASPIRE
J. Geraldo Orozco
aspire@codetel.net.do
Fundacion Ecuador
Maria Fermina Pazmino Murillo
mpazmino@fe.org.ec
Ministry of Education
Thomas Coleman
thomashuttoncoleman@yahoo.com
Omega Schools Franchise Ltd.
Kenneth Donkoh
kendonkoh@mail.com
Sinapi Aba Trust
Abigail Acquah
aacquah@sinapiaba.com
Anthony Fosu
afosu@sinapiaba.com
USAID
Bob Davidson
rdavidson@usaid.gov
India
Centre for Civil Society
Bala Rangaraju
bala@ccs.in
CfBT Education Services
GVS Prasad
gvsp@cfbtes.com
CfBT Education Trust
Michael Latham
MLatham@cfbt.com
Educomp Solutions Limited
Alesha Thakur
alesha.thakur@educomp.com
Manjula Vaidya
manjula.vaidya@educomp.com
Empathy Learning Systems Pvt. Ltd.
Mohammed Anwar
anwar@empathylearning.com
EnterprisingSchools.com‐ Intellecap
Adrienne Villani
adrienne.villani@intellecap.com
Tarun Mapara
tarun@intellecap.net
Escuela Nueva
Deepti Doshi
deept.doshi@gmail.com
Firefish Networks
Harsh Shetty
harsh.shetty@gmail.com
Growing Opportunity Finance Pvt. Ltd.
Henrietta Isaac
hisaac@gopportunity.net
Gyan Shala
Pankaj Jain
pjain2002@yahoo.com
iDiscoveri
Himanshu Joshi
Himanshu.Joshi@idiscoveri.com
Nitin Chaudhry
Nitin.chaundry@idiscoveri.com
Indian School Finance Company
Brajesh Mishra
brajesh.mishra@isfconline.com
David Kyle
dkyle@isfconline.com
Pratham Naik
pratham.naik@isfconline.com
Intellecap
Aparajita Agrawal
aparajita@intellecap.com
Michael and Susan Dell Foundation
Debasish Mitter
debasish.mitter@msdf.org
China Dominican Republic Ecuador Ghana
PARTICIPANTS Country
Organization
Representatives
Micro‐Credit Ratings Intl Ltd.
Sanjay Sinha
sanjaysinha@m‐cril.com
Naandi Foundation
Manoj Kumar
manoj@naandi.org
Opportunity India
Praveen Samuel
psamuel@gopportunity.net
Pi Policy Innovations
Naveen Manadava
naveen@policyinnovations.in
Pratham
Madhav Chavan
madhavchavan@gmail.com
Madhuri Pai
madhurigpai@gmail.com
Rukmini Banerji
rukmini.banerji@gmail.com
Sunita Burra
sunitaburra@gmail.com
Rumi Education Pvt. Ltd.
Prajakta Joshi
pjoshi@rumieducation.com
Raj Grover
rgrover@rumieducation.com
SKS Educational Society
Ruchi Singh
ruchi@sksindia.com
SONG Investment Advisors India Pvt. Ltd. Vishal Vasishth
vishal@songadvisors.com
The Teacher Foundation
Maya Menon
mayamenon@vsnl.com
Prakash Nedungadi
psamuel@opportunity.net
Trident Microfin Pvt. Ltd.
Kishore Puli
kishorepuli@tridentmicrofin.com
Faulu Kenya Ltd
Helen Kithinji
Helen.kithinji@faulukenya.com
International Finance Corporation
Jane Onoka
jonoka@ifc.org
Samuel Akyianu
sakyianu@ifc.org
Kenya Independent School Association
George Mikwa
georgemikwa@yahoo.com
K‐Rep Bank Ltd
Elly Aguko
eaguko@k‐repbank.com
Orient Global
Paul Gabie
ppg@orientglobal.com
Professor James Tooley
james.tooley@newcastle.ac.uk
Mitchell Group
Mary Fontaine
maryf@the‐mitchellgroup.com
Eduleap
Chris Crane
'chris.crane@cranecap.com
Gray Ghost Ventures
Steve Hardgrave
shardgrave@grayghostventures.com
Gray Matters Capital
Erika Norwood
enorwood@graymatterscap.com
Genia Topple
gtopple@graymatterscap.com
Molly MacMahon
mmcmahon@graymatterscap.com
India
Kenya
Singapore United Kingdon United States
EDUCATION SERVICE PROVIDERS Centre for Civil Society The Centre for Civil Society is an independent, non‐profit, research and educational organization devoted to improving the quality of life for all citizens of India by reviving and reinvigorating civil society. CfBT Education Services CfBT is a leading education consultancy and service organisation that creates self‐ sustaining delivery systems that raise the standards of teaching and learning through focused training and support to schools. CfBT has 2,000 staff worldwide supporting educational reform, teach, advise, research and train. Ecuador Foundation Ecuador Foundation focuses on improving the education sector through teacher training and material development using print and technology platforms. Educomp Educomp Solutions Limited, founded in 1994 is a globally diversified education solutions provider and the largest education company in India. EduLeap EduLeap is a humanitarian organization which provides loans to affordable, private schools. When desired, EduLeap also provides curriculum and assistance in teaching entrepreneurship and technology. Empathy Learning Systems Empathy is India’s first chain of low cost private schools. It is inspired by the work of Professor James Tooley, who has been conducting research and development in education for low income families around the world for the last decade. He is the mentor and advisor for all our work. Escuela Nueva The mission of Escuela Nueva is to contribute to improving the quality, efficiency and sustainability of rural and urban basic education primarily in developing countries through the dissemination of the Escuela Nueva model and public‐private partnerships. Firefish Networks Firefish Networks provides English Training services. They have conducted programs for teachers at APS. They have also actively defining a micro‐philanthropy portal that seeks to connect teachers from APS to donors worldwide. Gyan Shala Gyan Shala is a school operator with 420 low‐cost centers for slum children, with a total enrolment of more than 12,000. The total cost of education in schools is around US$37‐42 per child per year, inclusive of learning material and stationary.
iDiscoveri Education iDiscoveri is a social enterprise with a mission to renew education in India. iDiscoveri, founded in 1996, partners with schools across the country to raise the bar of how children learn and how teachers teach. It offers schools a comprehensive platform for student curriculum, assessment, teacher education, instructional leadership.
Intellectual Capital Advisory Services Intellecap, established in 2002, is a social investment advisory firm committed to economic and social development through market‐based solutions. Intellecap has partnered with CGAP to provide the Microfinance Gateway and is currently partnering with Gray Matters Capital to create EnterprisingSchools.com. Micro-Credit Ratings Int’l Limited M‐CRIL is the world leader in the rating of microfinance institutions. M‐CRIL has undertaken over 422 ratings covering 246 microfinance institutions in 17 countries. M‐CRIL has partnered with Gray Matters Capital to design a rating/assessment tool for the APS industry. Ministry of Education The Ministry of Education exists to carry out the Government's vision of using quality education delivery to accelerate the nation's socio economic development. The Mitchell Group For over 20 years, The Mitchell Group has provided practical solutions that meet a diverse array of client needs. The Mitchell Group has done this by forming strong local and global partnerships and doing the job at hand in the most efficient fashion. The Mitchell Group has built a solid foundation by solving client challenges and creating a platform for sustainable development. Naandi Foundation Naandi is one of the largest and fastest growing social sector organizations in India. Through its Ensuring Children Learn program, Naandi has developed innovative and creative curriculum to reinforce academic concepts and regularly assess the learning levels of children in over 1,000 schools. Omega Schools Franchise Ltd Omega Schools is partnering with school proprietors to create a sustainable large chain of branded low‐cost private schools in Ghana. They are bringing private sector investment to the hundreds of low‐cost private schools, dramatically enhancing their financial and educational performance. Omega School’s ultimate goal is to deliver quality educational services at the lowest cost on a grand scale. Pi Policy Innovations Policy Innovations is a consulting firm aimed at providing solutions to challenges faced by education‐related organizations. Specific expertise lies in program evaluation, education scheme design, market research, philanthropic advisory services and academic research support. Pratham Education Foundation Pratham is the largest NGO working to provide quality education to the underprivileged children of India. Established in 1994, today Pratham reaches millions of children living both in rural and urban areas through a range of interventions, primarily in the areas of teacher training and community based classes. Rumi Education Pvt. Ltd. Rumi is a chain of low‐cost private schools aimed at improving life opportunities of India's children through affordable quality education that breaks out of the standard rote educational model and expands into the community. Rumi is an Orient Global Development initiative. Sunshine Fortune Education Investment and Consultancy Co., Ltd. Sunshine Fortune Education Investment & Consultancy Co. Ltd (SFEIC) was established in May 2007. Prof. James Tooley is the Director of the Board of the Company. SFEIC mainly focuses on education of low‐income families and currently invests in private schools for migrating children in Beijing. The Teacher Foundation Teacher Foundation is working to revamp the school education system in India with new energy, enthusiasm and expertise. In the past 6 years it has worked in significant ways with over 5,000 teachers from across the country. It is working with 5 APSs in Bangalore to bring about measurable change in student learning outcomes. Youth with a Mission Establish schools and networks of schools internationally, provide teacher training through seminars and degree programs. Develop resources for schools including curriculum.
THOUGHT LEADERS Professor James Tooley James Tooley is an award‐winning scholar who has done extensive research on private schools serving the poor in low‐income countries. Mr. Tooley has been featured in PBS and BBC documentaries and has been covered in Newsweek, the Atlan‐ tic, the Wall Street Journal and the Financial Times. He currently lives in Hyderabad, India, where he works with entrepreneurs and teachers who inspired his book, "The Beautiful Tree".
FINANCIAL INSTITUTIONS ASPIRE ASPIRE is a microfinance institution in Dominican Republic currently providing financing to affordable private schools. Overall, ASPIRE serves 10,500 clients, with a $3.9mm portfolio outstanding. It is a member of the Opportunity International Network. Growing Opportunity Finance Growing Opportunity Finance is a Non‐Banking Finance Company in Chennai, India. Founded in 2006, GO Finance is currently serving over 46,000 clients and has a portfolio outstanding of $4mm. It is a member of the Opportunity International Network. Indian School Finance Company ISFC is a non‐banking finance company (NBFC) which extends medium term infrastructure loans to APSs charging average student fee range of US$5‐12/mo. Its goal is to help the most capable school operators reach more children with improved the academic quality. ISFC has disbursed over 82 loans, averaging US$28,000. K-Rep Bank K‐Rep Bank Limited is the first and only commercial bank in Kenya that caters specifically for the low‐income people. It currently serves over 58,000 clients through its 21 outlets and has a portfolio outstanding of $79.3mm. It is currently lending to schools through a partnership with IFC. Sinapi Aba Trust Sinapi Aba Trust (SAT)is one of the implementing partners of the Opportunity International Network (OI) – an International Christian Non‐governmental Organization with headquarters in Chicago, US. The company was formed to primarily provide small and micro‐ credit services to viable small and micro enterprises that could not access financial assistance from the formal banking institutions due to obvious reasons such as lack of adequate collateral. SKS Educational Society Founded in 1997, SKS Microfinance is one of the fastest growing microfinance organizations in the world, having provided over $278 million in loans to 3,500,000 women clients in poorest parts of India. SKS Educational Society was launched to run rural learning academies. It currently serves 600 students and 46 teachers. Trident Microfin Private Ltd Trident Microfin was established in 2007 and is headquartered at Hyderabad in Andhra Pradesh, India. It currently serves over 81,000 clients and has a portfolio outstanding of over $8.3mm.
ASSOCIATIONS Kenya Independent Schools Association KISA is a national association of private schools serving urban, low income households in Kenya. KISA was established in 1999 and has over 1,000 member schools. It works to enhance schools’ internal capacities and improve the policy and regulatory framework in which they operate.
DONORS Gray Matters Capital GMC uses philanthropic capital to research initiatives with partners in developing countries to build sustainable, replicable business models for the benefit of underserved populations. GMC’s focus is to improve the ecosystem for APSs in India through building transparency, connecting service providers and increasing sector awareness. Michael & Susan Dell Foundation MSDF is focused on improving education and health through opportunities with the greatest potential to directly and measurably transform the lives of children living in urban poverty. MSDF currently supports pilot projects aimed at enhancing student perform‐ ance at APSs in Hyderabad and Bangalore. U.S. Agency for International Development USAID supports education initiatives across the globe with the primary purpose of ensuring education for all. USAID produced an APS study and plans to do an APS meta‐analysis, particularly as it relates to donor and host government engagement. It has a pilot program in Ghana that provides capital and capacity building to APSs.
INVESTORS Gray Ghost Ventures GGV is the umbrella organization for founder Bob Pattillo’s initiatives, built around social impact through investment and nfrastructure development. GGV seeks catalytic, early stage investments in the developing world. Areas of work include: Microfi‐ nance, Social Ventures Investment, and Affordable Private Schools. International Finance Corporation IFC fosters sustainable economic growth in developing countries. IFC Africa schools program was piloted in Ghana in 2005 and has been replicated in Kenya and Rwanda. The program provides loans as well as advisory services to schools. IFC has committed $50 m in financing and $6 million in advisory services. Orient Global OG is a private investment group founded by New Zealand‐born entrepreneur Richard Chandler. OG is committed to fighting illiteracy by improving the quality and availability of education for low‐income communities in developing countries. OG started Rumi Schools of Excellence, a low‐cost school chain of in India. SONG Investment Advisors India Pvt. Ltd. SONG is the sole investment advisor to the SONG Investment Management Company. SONG aims to demonstrate that SME investing not only can achieve shareholder returns‐hence catalyzing greater sector investment‐but can also generate stakeholder returns, such as increasing opportunities for the underserved.
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