AIRLINK 159.00 Decreased By ▼ -0.45 (-0.28%)
BOP 9.99 Decreased By ▼ -0.07 (-0.7%)
CNERGY 7.67 Decreased By ▼ -0.18 (-2.29%)
CPHL 87.40 Increased By ▲ 3.84 (4.6%)
FCCL 47.99 Decreased By ▼ -0.55 (-1.13%)
FFL 15.12 Increased By ▲ 0.05 (0.33%)
FLYNG 51.00 Increased By ▲ 1.54 (3.11%)
HUBC 140.70 Decreased By ▼ -0.71 (-0.5%)
HUMNL 12.60 Decreased By ▼ -0.14 (-1.1%)
KEL 4.41 Decreased By ▼ -0.04 (-0.9%)
KOSM 5.17 Decreased By ▼ -0.17 (-3.18%)
MLCF 74.70 Decreased By ▼ -1.66 (-2.17%)
OGDC 211.39 Decreased By ▼ -2.34 (-1.09%)
PACE 5.36 Increased By ▲ 0.03 (0.56%)
PAEL 45.49 Decreased By ▼ -1.47 (-3.13%)
PIAHCLA 16.82 Decreased By ▼ -0.42 (-2.44%)
PIBTL 8.70 Decreased By ▼ -0.15 (-1.69%)
POWER 14.88 Decreased By ▼ -0.21 (-1.39%)
PPL 172.54 Decreased By ▼ -0.71 (-0.41%)
PRL 33.30 Decreased By ▼ -0.52 (-1.54%)
PTC 22.70 Increased By ▲ 0.64 (2.9%)
SEARL 86.18 Increased By ▲ 2.05 (2.44%)
SSGC 35.78 Decreased By ▼ -1.20 (-3.24%)
SYM 15.29 Decreased By ▼ -0.22 (-1.42%)
TELE 7.45 Decreased By ▼ -0.11 (-1.46%)
TPLP 9.05 Increased By ▲ 0.49 (5.72%)
TRG 63.20 Decreased By ▼ -1.99 (-3.05%)
WAVESAPP 9.10 Decreased By ▼ -0.15 (-1.62%)
WTL 1.26 Decreased By ▼ -0.02 (-1.56%)
YOUW 3.57 Decreased By ▼ -0.11 (-2.99%)
BR100 12,827 Decreased By -60.9 (-0.47%)
BR30 37,814 Decreased By -302.2 (-0.79%)
KSE100 119,649 Decreased By -312.8 (-0.26%)
KSE30 36,601 Decreased By -171.8 (-0.47%)

Taleem Finance Company Ltd. (TFCL), a Non-Banking Finance Company (NBFC) set up with a license from Securities and Exchange Commission of Pakistan (SECP), launched with the objective of providing education finance services to low and middle cost private schools (L&MCPS) in Pakistan, making it the only dedicated financial institution in the country to cater to infrastructure and working capital needs of such schools.

With financial backing as well as technical expertise and experience from US-based impact investor Gray Matters Capital (GMC) in facilitating school improvement initiatives across the globe, TFCL will strive to improve the quality of learning outcomes in its partner schools by enabling infrastructure improvements and establishing best practices.

This marks GMC's second investment in Pakistan after having funded digital health platform doctHERS under its gender lens portfolio - coLABS.

"Access to customized financial products has been seen as a critical success factor around the world for the improvement of education services in developing countries" said Ms. Erika Norwood, President and Chair of the Board, Gray Matters Capital, at the launch event. Outlining the investment rationale, she added "Our experience as an organization in the social impact space has been characterized by strong customer focus, forging creative partnerships and staying curious to solve problems in the school ecosystem. We believe that there's a need for an organization like Taleem Finance which will play the role of a catalyst in Pakistan's education sector, which will not just improve access to education and enhance the quality of private schools in the country, but also bring about gender equity through education finance."

Copyright Business Recorder, 2020

Comments

Comments are closed.