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San Jise, CR.– Omtrix, a Costa Rica based fund manager and financial consultancy firm has launched a US$35 million High Education Finance Fund (HEFF) that will promote and finance higher education careers to underserved low income youth in the Dominican Republic ans other Latinamerican countries.

The fund will provide loans to a network of Microfinance Institutions (MFIs) also in Bolivia, Guatemala, Honduras, Paraguay and Peru, which in turn will provide student loans to underprivileged youth seeking to fund their higher education.

Omtrix has been responsible for both the structuring and fundraising of the facility. Initial equity funding for the fund is provided by participants such as Calvert Foundation, KfW Bankengruppe, Luxembourg Microfinance and Development Fund, Norwegian Investment Fund for Developing Countries and the Swiss Investment Fund for Emerging Markets.

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COMMENTS
2 comment(s)
Written by: josean, 24 Dec 2011 2:04 PM
From: United States, Dedicating 4 more years to fighting the Dictatorship of the Narco PLD Mafia

Now staying right within the "RIGID" parameters of the topic:

Could you guys please send the money directly to UASD so they can reopen the campuses in Samana and San Pedro?
Written by: FedericoD, 26 Dec 2011 12:05 AM
From: Canada
Madness ... the government of the country itself is not a serious and responsible agency to care for the long term education of it's citizens and here is an outside organization that wants to help.

I am glad someone wants to help but a corrupt country will still crush the 'little guys' to keep them from finding out what is going on.

Education is the only way of the mess DR finds itself in. Really.

I was poor, grew up poor, went to university, stayed poor for years afterwards and then one day things turned around, the bills got paid off and wow, the education finally paid off. I figure if it worked for me it can work for the government of DR.
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