Prodigy Finance funds international students to attend the world's top ranked business schools.
Through an online platform, a community of alumni and other investors earn low risk, competitive returns, while postgraduate students gain access to higher education they otherwise might not have been able to finance. Since 2007, Prodigy Finance has disbursed in excess of $75m to students from 92 nationalities, with a repayment rate of over 99% across the total portfolio.
Prodigy Finance considers itself a social enterprise. 75% of its student borrowers come from developing world countries and 34% hail from BRIC nations alone. The majority of these students then return to their home countries after graduation—bringing back global business networks and learnings to develop their home regions. So far, Prodigy Finance has funded at least 8 entrepreneurs who have created jobs in, India, Canada, and the UK.