Online platform offering loans to international postgraduate study to leading business and engineering schools in US and Europe.
Summary description
Lends to Business School candidates/students to fund studies
Tenor: 1-2 years
Loans funded by bond issues at commercial rates
Bond issues mainly subscribed by relevant business school alumni in early years
Business School endowments often provide match funding to enable bond issues
Opportunity investment thesis
Commercial banks have retreated from this segment (in Western countries)
Limited, if any, funding available for talented individuals from Asia, Developing countries
Attractive franchise (B-school students typically get steady, often well-paid jobs post-graduation)
Alumni peer pressure helps limit NPLs almost completely
Scalable, and growth can be fuelled by debt structures and re-financings