Kwerafund

Kwerafund

Less than 1 percent of young people in Malawi achieve an education greater than high school level. It is a contributing factor in the southeastern Africa countries widespread poverty. The need for knowledge and people with skills in management, innovation and entrepreneurship is critical if the country is to move forward. This is the foundation for Kwerafund, a social enterprise, which since 2017, has paid for the education of young Malawians at local universities. The model is self-financing, as students undertake to repay ten percent of their salary for ten years after they graduate. For some it would mean they must pay back more to Kwerafund than they received, and others must pay back less. It all depends on the job they get. All the money goes back to Kwerafund, so other young people can join the programme, that also contains an obligatory education lasting four years in leadership and enterprise. In Malawi’s native language, kwera means to climb, and the first students are already climbing out on the other side to ensure a more prosperous future in their local communities.