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Overview

Pipeline ID: INDIGO-PL-0128

Delivery locations

  • Honduras

Intervention description

The Mutual Success Program is an OBF initiative aimed at democratizing access to quality education and enhancing employability. Through this project, individuals can enroll in our training programs without any upfront costs by opting for Income Share Agreements (ISAs). After completing their training and securing employment, graduates commit a small percentage of their earnings to the program.

In order to guarantee better employment options for students, the training they receive before the job placement stage is oriented to exponential growth industries, to which there is poor access in local education and which offer better earnings such as Data Analytics, AI tools and web development.

This program functions as a self-sustaining fund that fuels the education of new students. As employed graduates contribute a portion of their salaries, this cyclical model ensures ongoing access to education for others. This lowers financial barriers for learners but also aligns their success.

By linking tuition payments to post-training outcomes, we promote accountability and positive outcomes for both Elevate and students. This promotes an ecosystem where education is a shared investment, breaking down financial barriers to education through strategic partnerships and a scalable model.

Notes

Data for this pipeline project was last updated in August 2023

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