TBFC launches Aspirational Pathways for Youth Readiness and Employment (ASPYRE) Skill Loan Facility
The Blended Finance Company’s new ASPYRE facility tackles the credit barrier that keeps low‑income youth from enrolling in high‑growth skill programmes. Using a blended structure, philanthropic support from 360 ONE Foundation provides a first‑loss guarantee that allows partner lenders Varthana and training provider Virohan to offer student‑friendly loans underwritten against future earnings rather than family collateral. By aligning all stakeholders around post‑training employment outcomes, ASPYRE channels concessional capital to crowd‑in commercial lending and build borrowers’ credit histories, demonstrating how targeted credit‑enhancement can mobilise private finance for human‑capital development.
Read the full announcement here.
The Blended Finance Company is a full-stack service provider for blended finance transactions enabling commercial investors to deploy significant impactful capital while generating sustainable returns, and concessional funders to maximize their catalytic leverage. Its services include feasibility analysis, instrument design and structuring, fundraising, implementation partners identification, and program monitoring and management.