Hipocampus Learning Centres (HLC), as a network provides affordable high-quality care and education to at-risk children who are 1 to 6 years of age. The objective of Hipocampus is to increase access to quality education while empowering local women through recruitment, training and deployment as ‘edupreneurs’ in the centers. Hipocampus Mexico is a partnership between Connovo, a Mexican ‘social business builder’, and Hippocampus Learning Centers (HLC), a successful affordable private schools chain based in India.
Hippocampus Mexico started operations in 2016 and currently operates one centre in Guanajuato.
Investment Rationale
In Mexico, there are 11 million of children under the age of 5 of which 56% live in poverty. Current childcare services are insufficient and pre-schools not being able to adapt to the current reality of the communities. 80% of these children remain under the exclusive care of their mothers, who end up earning less than 6 times the minimum wages which leaves them with no access to social security.
Gray Matters Capital saw the potential of Hipocampus in changing this gender paradigm in Mexico through education. The funding will be used to help Hipocampus open 50 centres by 2020. By leveraging the experience of Hippocampus in India as well as partnerships with corporations, foundations and key local stakeholders, Hipocampus Mexico has been able to reduce costs associated with establishment and running of learning centers accelerating their self-sustainability. This innovative collaboration has the potential to demonstrate that providing quality care and education is possible and can be scaled in the world’s largest markets.
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