The Social Finance UP Fund is re-imagining the education and career-training industry by providing people from traditionally underserved and low-income communities with access to training that leads to employment in good paying jobs. By utilizing labor market data, the Social Finance UP Fund identifies industries that need workers and are poised for growth. They partner with education and training programs that have high job-placement rates and relationships with employers. Participants receive training at no cost, as well as support services, and pay nothing until they graduate and secure employment. Once employed, participants pay back a portion of the training costs.
SWAHA is encouraged by the Social Finance UP Fund and their innovative model of providing Career Impact Bonds to people who are unemployed and underemployed. By supporting these efforts, more people will be placed in higher-paying, sustainable employment without incurring unmanageable debt.