47922-014: Rural Education Project

Project Data Sheet (PDS): Overview


Description

Hippocampus Learning Centres (HLC) is a venture capital backed company which operates pre-school and after-school coaching programs for children aged 3-12 years in rural India. HLC has pioneered a new model for improving learning outcomes by developing a low-cost system to deliver a supplementary education curriculum that focuses on a targeted set of learning outcomes. HLC runs education centers in rural India which offer both kindergarten and after school programs. Each center is run by a woman entrepreneur and teacher who will provide supplementary education to 25-40 children. Interested women candidates apply to HLC to set up a center in their village. If selected by HLC, the women pay HLC a training fee (~Rs8,000-10,000) and are trained in HLCs curriculum and HLC helps them with the initial set up costs associated with starting an education center. Once a center is opened, each child pays a one-time registration fee (Rs500) (for individual materials and a HLC bag), as well as monthly fees (Rs100-200), which form the basis of the teacher s salary. The teacher pays a small franchise fee to HLC on an annual basis. Each center runs for 3-4 hours outside of school hours, 5 days a week. In the 2012-2013 academic year, HLC operated 78 centers which provided education to over 3,000 students. Read More

Country India
Borrower/Equity Investment Name HIPPOCAMPUS LEARNING CENTRES
Project Number 47922-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7405
Approval Date 11 Apr 2014
Sector Not yet classified
Subsector For Classification
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

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Project Data Sheets (PDS)

Responsible ADB Officer
Not Assigned
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
03 Aug 2013

Last PDS Update
26 Jun 2014

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