About the Learner Access Fund
Africa is the world’s youngest and fastest-growing continent, and its workforce will far outpace the rest of the globe. But school is failing young Africans, and too many of them cannot access the quality education they need to thrive in the 21st century. Kibo wants to provide high-quality and affordable STEM education to as many young Africans as possible, and the Learner Access Fund will play a key role in delivering on that mission.
Your donation supports:
- Deferred tuition – every learner gets a low-interest loan to cover tuition and a new laptop. This lets them learn now and pay later
- Emergency grants – provides grants for students who have unexpected hardships
Donations are tax deductible in the United States, and 100% of donations are distributed to students.
Why deferred tuition? Why not scholarships?
With deferred tuition, your donation lasts longer and goes further than a scholarship. All admitted students can access a life-changing education without regard to ability to pay. As a donor, you will:
Expand your impact
Your donation compounds over time. Learners pay only when they are comfortably earning, and any payment made back to the fund is used to finance future learners. Kibo’s tuition for a 3-year bachelor’s degree in computer science is just US$6000. Over a decade, a single $15,000 donation to the Learner Access Fund can support 7 students. Because it is a not-for-profit fund, we provide learner friendly repayment terms such as:
- Low interest (2% fixed rate)
- Payments are not due until 6 months after graduation
- Monthly payment capped at 10% of net income
Empower young people to invest in themselves
African learners want a leg up, not a handout. At Kibo, we believe in empowering our students. We teach them that, in spite of the challenges they face, they are agents of their own lives. When students make a commitment toward their education, they are motivated to “rise to the challenge” and work to surmount obstacles.
Technical skills are in high-demand on the continent, and mid-level African developers earned an average of US$25K annually in 2021. With the skills and network they build at Kibo, graduates will have the financial means to pay it forward.
If you have additional questions or to discuss the form of giving that best fits your philanthropic goals, please email us at financial.aid@kibo. school and we would be happy to work with you.
Giving to the fund
You may give to the fund via Paypal or by sending an ACH or wire transfer. Click here to donate.
Kibo’s Learner Access Fund is fiscally sponsored by West African Vocational Education (WAVE). WAVE (www.waveacademies.org) is a social venture working to provide employability skills to young Africans. WAVE has partnered with Kibo to provide a cost-effective solution to fundraising in the United States by acting as the Learner Access Fund’s fiscal sponsor. WAVE is a United States 501 (c)(3) public charity (Non-Profit Tax ID: 47-2300678). Donations are tax-deductible within the guidelines of U.S. law. All contributions made will be distributed to Kibo.