FINANCING EDUCATION, BUILDING LEADERS

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  • U.S.A.

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About Us

Collegestreet fights global poverty by eliminating economic barriers to education with a mobile app-based lending platform. In countries where student loans are not available, Collegestreet uses phone data as a proxy for credit suitability. Information such as how regularly a student tops up, data usage and phone model is used to calculate how much money a student can borrow.

The information that students are able to share is how they are using their cell phone plan. That tells us a lot about their income cycle and how much they earn. Based on the student's phone data, a maximum loan amount is then made available for the student to transfer into their school account.

In countries where only 1 in 8 students is able to finish school, this loan offers aspiring professionals the opportunity to break the cycle of poverty. As little as $20 can mean the difference between a diploma or a dropout. Our goal is as students successfully repay their loan, they are creating that repayment history and opening the door for millions of other students in the future. Hundred percent of the loans raised are given to the student.

Company History

CollegeStreet was founded in September 2015 on a college campus by students who faced issues paying for tuition and fees; Johnson as an international student and Zachary as a first-generation domestic student. The rest of the team experienced similar financial challenges first hand as well. Because of that, we are all passionate about solving issues of educational accessibility around the world.

  • 2016

    Launched our program in Kenya

    On January 28, 2016 Collegestreet is excited to announce that we have a new partnership with Moi University in Kenya, a public university in Eldoret. Moi University was the second public university to be established in Kenya, after the University of Nairobi. It has over 47,000 undergraduate and operates eight campuses.

  • 2016

    First Recognition

    We have secured a seed funding from Emergent Technology Center to develop our new technology.

  • 2017

    Pilot program phase #1

    We kicked off our program with our 2017 spring semester students. Our solution eliminates the threat of unaffordable loan payments and makes higher education accessible to those traditional financing neglects. Our model has the potential to transform the field of education financing in developing countries.