B Impact Report



Equity Social Investments & Higher Education Financing
Certified Since: August, 2012
Location: Santiago, Santiago, Chile
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline


The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

Lumni is a new kind of financial services company dedicated to ensuring that students everywhere can leverage their most valuable asset - their own future potential - to access financing for college. Unlike traditional student lenders, they fundamentally align the interest of their investors and students in a win-win relationship that benefits everyone. Lumni's investment funds don't make loans. Instead, students commit a fixed percentage of income for the 10 years after they graduate. This dramatically reduces the risk of unmanageable payments after graduation in the case of unemployment or underemployment, giving debt-averse, underserved college students the comfort to take a leap.

Lumni also employs an innovative underwriting process, determining creditworthiness not on access to co-signer like traditional lenders, but instead on a student's personal drive and potential. This allows Lumni to identify qualified clients from with the country's most underserved populations, students who would be deemed too risky by private lenders. Finally, Lumni distinguishes itself by building a relationship with its students and supporting them with career coaching and development services.

Impact Area Scoresinfo_outline

Previous Overall B Impact Scores