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Duoc

Sector: Education • Location: Chile

Source: International Finance Corporation (IFC)

Project
Completed

Fundacion Duoc (Duoc) is a higher education institution in Chile providing technical degrees and vocational training to a student body of approximately 40,000. Duoc sees a strong need to expand the financing options it offers to students, especially to those from lower income brackets who are not eligible for government sponsored programs.IFC has been in discussions with Duoc and a Chilean bank (

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The project “Duoc” is an infrastructure initiative in the Education sector, located in Chile. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

Fundacion Duoc (Duoc) is a higher education institution in Chile providing technical degrees and vocational training to a student body of approximately 40,000. Duoc sees a strong need to expand the financing options it offers to students, especially to those from lower income brackets who are not eligible for government sponsored programs.IFC has been in discussions with Duoc and a Chilean bank (or the Bank), to jointly develop a new student loan program for Duoc (the Facility). Under the new program, loans would be made by the Bank to qualified Duoc students. The Bank would then administer and collect the loans in cooperation with Duoc. Duoc would provide a first loss reserve (First loss) for such a program in order to:- reduce the risk of loss to the Bank and IFC, and - help lower the interest rate being charged to its students. IFC would share the remaining risk of the Facility with the Bank.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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