Prodigy Commercial Lending is a student loan and Investment Company based in London, UK. It was formed in 2007 to aid international students to fund their higher education in overseas universities and colleges.
Prodigy believes that access to finance should be borderless and merit-based. That it should not matter how wealthy or poor one’s background is as long as one is talented and self-driven, they should be able to access educational funding.
It was founded in 2007 when three MBA students realized that traditional banks do not offer loans for students to access international institutions of higher learning and thus saw it necessary to redefine the student loan market.
As time went by, students who had been supported by the program wanted to give back. As such, Prodigy Commercial Lending began venturing into Investments in 2010. It has overtime attracted investors from all walks of life to invest in their programs in order to secure the future for prospective students as well as gain financial and social returns.
This article will concentrate on the investment function and not the student lending aspect of the company.
Apart from alumni investors, other investors are social impact investors that believe in the course that Prodigy has chosen to pursue while some are qualified private investors. As a result, schools that have partnered with the program boost the diversity and talent of their school population.
Investment Features
Here are some of the features accessible through investing in Prodigy Commercial Lending;
1. Diversification
The loan portfolio achieves diversification by funding postgraduate students attending business, engineering, law public policy, and health sciences degrees at top universities around the world. Consequently, the alumni who later decide to give back to the program are also of diverse nature and thus can encourage and attract more and more students to apply.
2. Regular Coupons
Investors receive quarterly coupons as ongoing students pay their loans. This boosts the credibility of the program and attracts more investors to join in.
3. Social Impact
Over the ten years that the investment function has been active, it has been deduced that more than 89% of students depend on the Prodigy finance to fund their learning and that 80% of those students come from emerging countries. The social impact here is that now more financially challenged students are aware that they can still access higher education overseas at an affordable rate despite their backgrounds.
4. Limited Liquidity
The program’s policy offers no or limited liquidity to its investors and therefore they may find it difficult or impossible to realize the value of their investments and thus the capital input is at risk. The limited liquidity factor is enforced to create financial stability for the students who access these loans. If investors were at will to cash out at their will the education of the loaned students would be in jeopardy.
5. Multiple Currencies
Investors are free to invest in whichever currency they deem fit for the program. In conclusion, Prodigy Commercial Lending is a respectable investment company with a noble cause and anyone who is willing and able should not hesitate to invest to secure the future of aspiring intellectuals.
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