So long 2021, hello 2022! While 2021 was a challenging year in many ways, we’re proud to be able to share three major successes for Jump Finance—and most importantly, our students—over the past year.
1. Jump Finance receives two loans from Austin impact investors
We are trilled to announce the support of Notley Ventures and Austin Impact Capital. Earlier this year, both investors provided Jump Finance with critical loans that have empowered us to vastly expand our pilot program at the University of The Gambia. A huge thank you to both investors—we look forward to continuing our partnership and putting your funds to work for students across The Gambia and beyond!
2. A word from our students
This summer we had the chance to complete a few virtual interviews with our students. In this video, students explain what Jump Finance means to them and what their plans are for the future. Meet Mafugi, Amie and Yaya, the first ever Jump Finance graduate!
3. 2021 recap: 4x the students, new experimental programs, same 100% repayment rate
Thanks to the impact loans we received in the spring, and the incredibly hard work of our team on the ground in The Gambia, we grew from 7 to 33 students! Despite our growing numbers and the continuation of the pandemic, we maintained a 100% repayment rate from all borrowers.
At the same time as we've grown our core student finance offering, we've also experimented with new programs. For instance, this summer we helped two students finance the purchase of laptops. We also held our first ever Jump Finance Student Summit to help students share knowledge and build connections.
To successfully scale our program further we are working to strengthen our technology and even added a few new team members to give us more engineering support—more on this later in 2022!