Lumni is a pioneer in the field of human capital financing. The company designs and manages investment funds in education.
“I believe in entrepreneurship, risk taking and giving back. I want to see that people can find the resources to pursue their projects and dreams, in a way that reduces their risk and shares their upside with the individuals and organizations who believed and invested in them.”
“We fund education because of its transformative power, both for the individual and society. We use Income Share Agreements (ISAs) because the burden of debt is sometimes unacceptable; and because students benefit when an informed and better-funded party has a stake in their success.”
How it Works
Lumni finances students through Income Share Agreements (ISAs) so they can finish their studies.
Students agree to pay the financing after graduating by paying a fixed amount of their salary for a set period of time.
If you want to learn more about ISAs, see our articles and publications here.
always aiming for excellence.
and zero tolerance for deceit.
in the relationships with our team, students and their families, our partners and investors.
to fulfill our commitments.
Solidarity and service
aware that everything we do can make a difference.
Felipe received his MBA from Wharton before joining McKinsey & Company as a consultant in their New York office. He was recognized as an Ashoka Global Fellow in 2006, an Endeavor Entrepreneur in 2009, and named one of America’s 25 Most Promising Social Entrepreneurs by Business Week in 2009.
Jorge is a Systems Engineer specialized in Project Management from Politecnico Grancolombiano. He is certified in ITIL Foundation V3, holds 15 years of experience in information technology, information security, communications, networks and software implementation. Before joining Lumni, he was the IT Specialist for Latinamerica at Fiserv.
Milena Moreno has a specialization in corporate finance(CESA) and accountant of Universidad de la Salle. Holds more than 10 years of experience in finance, planning, audit and consolidation of financial statements. Before joining Lumni(2015 Q4), she worked for Sima Inc, Quala Inc & Quala SA.
Ripal Patel (Operations Director)
Ripal Patel specializes in operations of customer service oriented businesses and has over 8 years of experience managing people. He holds a Masters in Business information System from Australia and a Bachelors of Commerce from India.
Sylvia Ortiz (General Manager)
Sylvia is an Industrial Engineer from the Pontificia Universidad Javieriana and holds an MBA from Universidad de la Sabana in Colombia. Before joining Lumni in 2014, she was the General Manager of Progressa, a credit union member of the Saludcoop Group.
María Del Rosario Rojas Cárdenas (Operations Director)
Rosario has a law degree from Universidad San Martin de Porres from Peru. Before joining Lumni, she was part of the Teach for Peru program and worked as a school teacher in a vulnerable area of the country.
Luis Bryce, (Head of business development) has developed a broad and diverse background in finance during his 10 years of experience, with a strong track record in investment advice to private and institutional clients, academic research, university education, and public service. Growing up in South America, Luis developed a passion for economic development which drives his motivation for impact investment. Before joining Lumni , Luis served as advisor to the Minister of Economics and Finance of the Republic of Peru. Previously, Luis worked at the bank Credit Suisse in Zurich, and before that at the University of Lausanne. Luis completed his PhD in Finance from the Kellogg School of Management of Northwestern University in 2012 and BS in Physics and Mathematical Economics from the University of Miami in 2007.
Daniela Ávila (Operations Director)
Commercial Engineer from Universidad de Valparaiso(Chile) and diploma in HHRR management from Cámara de comercio de Lima(Perú).
Holds 5 years of experience in the banking sector as BBVA account executive, insurance analyst in Coopeuch and corporate solutions analyst in Banco Estado and HHRR manager in Optima Construcción y Servicios S.A.C, Lima(Perú)
Board of Directors
Alberto is an investor and entrepreneur with interests in the mining, hotels, wealth management, and tech sectors, as well as on social impact activities in the education sector. Managing Partner of VH Properties and Director of Virgin Hotels. He also serves on the boards of WE Family Offices Holdings, Endeavor Miami, and Videoo. He is a member of the Group of Fifty and of ASN (Ashoka Support Network). Founder and Chairman of Georgetown University’s Beeck Center for Social Impact and Innovation, and member of its Global Board.
Head of Research & Co-Founder. Assistant Professor of Finance, Vanderbilt University. Finance Ph.D., University of California, Berkeley. MBA, Darden.
CEO Ganolian Investments Co., Board member of Corona and Endeavor Miami. Daniel obtained a Masters in Finance from London Business School and a BS in Business Administration from the University of Colorado in Boulder.
Before Lumni, Felipe founded 4 other companies in the field of education. He is an Ashoka Fellow and Endeavor entrepreneur. An Engineer from Universidad de los Andes (Colombia) that holds an MBA from Wharton School.
Angel Alverde Losada has been CEO of Office Depot for Mexico, Central America and Colombia since 1994. He holds a Bachelors degree in Business Administration from Universidad Iberoamericana and a Masters degree in Finance and Marketing from JL Kellogg Graduate School of Management.
Chairman of Sandoval Group, Chairman of Aeropuertos del Perú, Chairman of Inmobiliaria Koricancha, Chairman of Endeavor Peru. Former Congressman from 1993 until 2000. BS in Economics from Universidad Catolica del Peru. Postgraduate management studies at Universidad de Piura, and the Advanced Management Program at Harvard University.
Lumni partners with the industry leaders to provide the best possible service:
Lumni in the News
The Colombian "favorite" of the World Economic Forum (in Spanish)
Portafolio Magazine (Colombia), June 2016
Felipe Vergara is interviewed at the WEF venue in Medellin, and explains about Lumni, its funds and the recognition he received in 2011 at the World Economic Forum in Davos.
Firm brings microfinancial aid to US students, by Nanette Asimov.
SF Gate. July 18, 2011.
"An innovative method of helping students pay for college in Latin America has landed in the United States - and 15 California students serve as its willing guinea pigs."
Are 'income share agreements' a good way to pay for college?, by Robert Kechlen
CS Monitor. June 7, 2016
"Under these plans, students agree to pay a percentage of their future income to a private company or lender in exchange for additional money to cover college expenses. For some, the agreements might make sense."
A Way to Pay for College, with Dividends, by David Bornstein.
The New York Times. June 2, 2011.
"If you were a student looking for financing to pursue a degree in social science, would you accept an offer of $16,000, in exchange for paying 4.5 percent of your income for 10 years after you graduate?"
Instead of Student Loans, Investing in Futures, by David Bornstein.
The New York Times. May 30, 2011.
"Today, I’d like to look at the question of whether there may be a better way to pay for college than with scholarships, grants and loans. Is it possible to finance higher education the way we finance start-up companies?"
Escaping the student-debt trap, by Kate Bachelder.
The Wall Street Journal. June 13, 2014.
"An economist-entrepreneur inspired by equal parts Milton Friedman and David Bowie says income-share agreements could rescue higher education."
A Guide to Income-Share Agreements, which some see as a better way to finance college, by Beckie Supiano
The Chronicle of Higher Education. April 14, 2015.
by Miguel Palacios, Tonio DeSorrento, and Andrew P. Kelly
Investing in Emerging Markets
The Research Foundation of AIMR, 2003.
Robert Bruner, Robert Conroy, Wei Li, Elizabeth
O’Halloran and Miguel Palacios LLeras.
News & Events
Perú: Lumni in TV Program 'Mundo Empresarial' (in Spanish), July 2015
Former General Manager of Lumni Perú, Juan Pablo Bustamante, is interviewd by Bruno Giuffra about Lumni and Fondo Talento.
(In Spanish). Feb, 2013.
Transmitting from the World Economic Forum in Davos (2013), Gabriela Frías presented the case of Lumni from three perspectives: from two Chilean students own words, an excerpt from Felipe's speech in the event, and a short interview where Felipe and Gabriela comment about the win-win partnership between Lumni and SabMiller in Colombia.
(Video in Spanish) Andrés Oppenheimer interviews Felipe Vergara, as part of his TV program "Oppenheimer Presents", dedicated to The Social Innovators.
(Aired on May 2015)
Lumni won the UBS Global Venture Lab Competition in 2011.
Felipe Vergara was elected one of America's Most Promising Social Entrepreneurs in 2009.
In 2007, Lumni was selected as a high potential model for improving access to higher eduction in Latin American countries.
Lumni was selected as one of Global Impact Assets 50 in 2011.