Bridge International Academies

www.bridgeinternationalacademies.com

Social Entrepreneur

Jay Kimmelman, Phil Frei and Shannon May.

Founded

2008

MISSION

To provide a quality education to millions of kids in Africa.

Where they work

Kenya

BUSINESS MODEL

A large-scale franchise-like network of low-cost for-profit private primary schools to provide access to affordable high-quality education for poor families across Sub Saharan Africa.

Annual budget

US$3 million for FY11 (Dec-11).

Delivered to date

Over 900 students enrolled in 7 schools, proved that you can deliver high-quality education for US$3.75/month on a profitable basis.

Impact

BIA uses an outside educational testing company to administer and score internationally recognized exams to monitor student achievement. Preliminary data indicates that BIA students are already performing 60-100% higher in core reading skills than comparable students.

BIG PLANS

1 million students being provided a world-class quality education at affordable prices.

Our investment so far

US$700,000 equity investment.