Educational Resources Impact Fund at Maycomb Capital closes flexible, mission-aligned loans to increase access to high-quality instructional materials

The Fund’s investors are the Bill & Melinda Gates Foundation, William and Flora Hewlett Foundation, Charles and Lynn Schusterman Family Philanthropies, W.K. Kellogg Foundation and Walton Family Foundation

BALTIMORE, Dec. 7, 2022 /PRNewswire/ — This week at the Mission Investors Exchange National Conference, Maycomb Capital announced the first loans out of a new, flexible, mission-aligned debt vehicle called the Educational Resources Impact Fund (ERIF). ERIF is one of Maycomb Capital’s Custom Strategies and supports nonprofit developers and providers of high-quality instructional materials and aligned supports, particularly those offered as open educational resources. The first two loans were made to

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Cargo insurance premiums spike over untidy road access, seaport operations | The Guardian Nigeria News

Trucks parked on the road side waiting to get access into Tincan port in Apapa, Lagos. (Photo by Benson Ibeabuchi / AFP)

• Insurers groan under huge claims obligation
Beyond additional costs incurred by Nigerian importers and exporters due to safety concerns in the Gulf of Guinea (GoG), operational and infrastructural challenges at the nation’s ports and access roads have continued to push insurance firms underwriting cargoes to the edge.

These have made them adjust clauses, and in many cases, spike the cost of cargo insurance by the average number of days delays occur.

The sum insured for specific transit

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EdForAll, Enabling Access to Higher Education


 


Regenesys Business School has launched the EdForAll initiative – a revolutionary, disruptive, technology-driven, online higher education initiative delivering accredited, high-quality internationally recognised degrees, diplomas, and certificate programmes from as little as ₹2,900 per month to all financially disadvantaged but deserving students across the world.


This game-changing initiative has been made possible by combining education, technology, the internet, financial engineering, and philanthropy. The EdForAll initiative is based on the principle of ‘study now and pay later.’ Students pay a monthly commitment fee of ₹2,900 for the duration of their studies and then pay the remaining fees once they

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Sterling launches ‘I Go Trade’ to simplify access to loans for micro-traders

By Omodele Adigun

To further bridge the gap in financial inclusion and deliver customer-centric solutions for its diversified customer base, Sterling Bank has announced the launch of its new loan product ’I Go Trade’.

The product will provide artisans and other small business owners across communities with quicker access to low-interest and collateral-free loans up to N300,000. This loan will afford beneficiaries the luxury of financial flexibility, allowing them to obtain the funds needed to acquire inventory, working capital, and other assets needed to stay afloat and ultimately yield sustainable profit.

Commenting on the new product, Shina Atilola, Divisional Head,

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