The Zomia team prepared their first portfolio summary for the Vanderes Foundation. The metrics gathered are a great start to track the student’s paths towards (hopefully) a brighter future. Obviously it would be best to measure impact by comparing results to a (randomized) control group, but we understand that (all our) partners are very early-stage in their journey and have limited resources to measure impact. We therefore greatly value the efforts by the small Zomia team to prioritize impact measurement to make sure they are on the right path. Please see an extract of the report here: 2018 Annual Report Zomia.
Dear Vanderes Foundation,
2018 was a big year for Zomia, and Vanderes was at the heart of it. So right at the outset, we’d like to thank you for your support and trust in us. The funding provided by Vanderes allowed us to nearly triple our annual class size and focus on what we do best: providing a great experience to students and building the infrastructure required to support them through their higher education and loan repayment journeys.
With this inaugural report, we set out to achieve two goals: 1) provide a snapshot of the Vanderes Foundation’s Zomia portfolio as it existed between January 1st and December 31st, 2018; and 2) begin tracking metrics that will—over time—help us better evaluate and understand the impact that higher education has on the lives of Zomia students.
We see this document as a baseline from which to build—a report that should become more robust and informative over time. We gladly welcome feedback, especially regarding the metrics that matter to Vanderes and content you’d like to see in future reports.
Finally, it’s worth noting that the bulk of Vanderes’ funding was distributed to students halfway through the year, affecting statistics such as the average monthly repayment. We’ll have a full year’s worth of data in 2019.
On behalf of our team and students, thank you again for your consistent encouragement and backing. We cannot do this alone, and we’re truly grateful for our partnership with the Vanderes Foundation.
Kirk Acevedo & Ryker Labbee
Co-founders, Zomia SPC
March 1, 2019