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    Date submitted
  • 31-Oct-2017

EDUCATION FINANCING SCHEME(EDUPAY)

Abstract

In Ghana and many other countries across Africa, private actors have established Rural Low Cost Private Schools (RLCPSs) to fill the access gap in education. However, the associated cash and carry school fees payment structure vis-à-vis the fact that majority of parents (usually mothers who are single parents) operate petty trading businesses earning lower than $5 a day, militate against this intervention. For this reason RLCPSs record very high school fees payment default rates by poor parents who are willing but unable to pay. This poses significant challenges; huge shortfalls in RLCPSs’ revenue targets and substandard classroom blocks & facilities. Children are frequently sacked from school to put pressure on parents to pay school fees affecting academic performances. This project is designed to strengthen and expand EDUPAY to;

• abolish the cash and carry system which threatens businesses of poor parents

• Introduce a flexible payment system based on a traditional saving model (susu); which works in our context by the parent paying below $ 0.7 for a 60 day period.

• Channel improved RLCPSs’ revenues into improving their infrastructure and facilities

• Student academic performance monitoring and mentoring

• Scholarships for children of teenage mothers living below $2 per day PPP.

• Create decent jobs through this innovative approach

The programme builds upon lessons learned from our ongoing successful pilot program involving five RLCPSs in the PHD district of Ghana. This concept if well-resourced can be replicated across rural communities in developing regions where women engage in petty trading.

This project was judged the 2nd Best project in a Global Youth Citizen Entrepreneurship Competition organized by UNESCO and Stiftung in a recent Global action Program on Education for Sustainable Development. https://www.entrepreneurship-campus.org/ideas/14/5639/

Video

Original YouTube URL: Open

Introduction Video

Photos

Additional Questions

Who is your customer?

Proprietors and managers of Low Cost Private Schools Parents

What problem does this idea/product solve or what market need does it serve?

Our innovative intervention is a sustainable education financing scheme (EDUPAY) made up of four pillars: A flexible school fees payment scheme for parents; Revenue streamlining and infrastructure improvement blueprint for the participating RLCPSs; capacity building and training for teachers and parents component. EDUPAY is designed to encourage the offering of quality education within the private school framework by making payment of fees easy, flexible, affordable, self-sustaining and less burdensome for parents and guardians alike. The model basically works by providing parents with a special school fees payment plan or scheme which spreads the fees over 60 day period.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

• abolish the cash and carry system which threatens businesses of poor parents • Introduce a flexible payment system based on a traditional saving model (susu); which works in our context by the parent paying below $ 0.7 for a 60 day period. • Channel improved RLCPSs’ revenues into improving their infrastructure and facilities • Student academic performance monitoring and mentoring • Scholarships for children of teenage mothers living below $2 per day PPP. • Creation of descent jobs through this innovative approach

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

• Phase 1; Stakeholder Workshop/Engagement on the Model o Meet with the proprietors of the targeted schools to introduce the model o Proprietors inform headmaster and staff of school o Model is announced and discussed thoughtfully at their monthly Parents Teachers Association meetings • Phase 2; Conduct Socioeconomic, demographic data collection o Visit houses of parents and the workplace of parent • Most of parents works at market centers o Register the parents on behalf of their children on the model o Analyse the data o Group parents base on location of workplaces o Parents are given unique codes o Parents register on behalf of children with agreed terms and conditions • Phase 3; Rent a single room office space • Pay Pre-financing of school fees to schools • Deploy officers to begin collection of school fees