In Brazil, access to higher education is the privilege of a few: Only around 20 per cent of Brazil’s population is, or has been, enrolled in institutions of higher education, with most of these students coming from higher income families. But the country urgently needs more highly trained graduates if it wants to go on developing.
The private postsecondary educational institution Anhanguera, which operates universities as well as distance-learning centres throughout the country, makes a contribution to this development. DEG promotes the expansion of Anhanguera's range of activities, which is tailored to the needs of young students and professionals with low to middle income. To this end, IFC, DEG and Proparco make financing to the total amount of 73 million euros available, with DEG itself providing a quasi-equity loan amounting to 15 million euros. The financing is earmarked for the development of new locations and study subjects as well as for winning the support of further universities for the programme.
Anhanguera aims to provide high quality education at affordable prices. With its 220,000 students it is Brazil's leading private university. Additionally there are 500,000 students per year who attend its franchise operated language schools. Anhanguera is a major employer: At present the group employs a staff of more than 10,000, more than half of which are women. Additionally, the company demonstrates social commitment, it sets up open libraries for children and adolescents, offers literacy courses and provides free medical care.
|Location||Brazil, Latin America and Caribbean|
|Value||EUR 73 Million|