Malengo has secured $12.9 million in funding from The Shapiro Foundation to expand educational opportunities for East African students in Kenya, Uganda, and Rwanda, facilitating access to vocational and university education in Germany.

• The funding, structured as an impact investment, will support over 700 students in the next three years.
• Malengo, founded by CEO Professor Haushofer, aims to reduce extreme poverty by connecting students with higher education and skilled job opportunities abroad.
• The organization utilizes a unique Income Share Agreement (ISA) model, providing full financial support with repayments beginning only after graduates secure jobs above a set income threshold.