Indian School Finance Company (ISFC) is the world’s first Non-Banking Financial Company (NBFC) to fund private schools, vocational institutes, coaching centers, SMEs in the education domain as well as teachers with an objective to build capacity through infrastructure improvements and thereby enabling students to access quality education.
Having started its operations in Hyderabad in 2008, ISFC today has expanded its presence to over 100 locations spread across 60 districts in 13 states in India, creating social impact with majority of loan disbursements to the Affordable Private Schools (APS) segment. ISFC lends to over …… APS schools which helps them expand access to affordable education to……. Children from low income families .
Investment Rationale
ISFC was incubated by GMC in …… Un met credit demand of huge base of affordable private schools was a barrier in improving the infrastructure and increase enrolment. None of the existing institutions were lending to APS. This presented a huge opportunity for achieving scale , sustainability and impact.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
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