Private schools for the poor are growing rapidly throughout the developing world.
Every year, governments, donor agencies and the private sector invest tens of billions of dollars in traditional education programs and educational innovations targeting the poor. In low- and middle-income countries, overall education expenditures amount to an average of $99 billion per year. Globally, social impact investments in education by non-state actors total about $3 billion annually. Despite the substantial investment, the vast majority of education providers for the poor continue to struggle with either quality or cost or both. The Sustainable Development Goals identify large gaps in education access, quality and equity, which have enormous negative impacts. India, for example, loses an estimated $100 billion annually because so many children drop out of secondary school.
Many innovations have been introduced to enable or enhance education for low-income groups. They range from market-based solutions such as chains of low-fee private schools to public-private partnerships introducing new teacher training via mobile phones to government schemes such as cash transfers to help parents pay for schooling. Many innovations have scaled rapidly, reached large numbers of students, secured impressive investments or demonstrated promising educational outcomes.
By identifying ways to reduce costs and improve quality, Endeva is working to develop inclusive businesses in the education sector that make education accessible, affordable and accountable.