CED did a series of comparative studies in several cities in Colombia and Latin America for Gray Matters Capital, an impact investment fund based in Atlanta. The studies focused in the private schools. Three studies were made:
1. Colombia, 6 cities: Bogota, Medellin, Cali, Cartagena, Barranquilla y Bucaramanga.
a. Pertaining laws and regulations
b. Demographic and economic indicators
c. Change trends in the public and private sectors: coverage, enrollment, number of schools.
d. Low cost private schools: income, costs and availability of financial services.
2. Latin America, 5 cities: Bogota, Lima, Rio de Janeiro, Sao Paulo y Mexico City.
a. For each one of the cities a report was made with the following structure:
i. Pertaining laws and regulations
ii. Demographic and economic indicators
iii. Change trends in the public and private sectors: coverage, enrollment, number of schools.
iv. Low cost private schools: income, costs and availability of financial services.
b. Comparative report of the five cities with regard to market potential
3. Field study, Latin America: Six metropolitan areas: Bogotá, Lima, Rio de Janeiro, Sao Paulo, México City and the Valley of México. The CED assembled local research teams in each city coordinated from Bogota and New York to collect the following information:
a. Georeferenced private school database: 5,312 schools
b. Characterization of the finances and context of 385 schools via visits and in-person interviews and surveys with owners and principals.
c. Characterization of school’s and communities’ financial needs