The story of the Umgekehrter Generationensvertrag (Income Share Agreement)

Experience in the field of educational funding and the implementation of the Income Share Agreement draws knowledge from three institutions: GLS Bank, GLS Treuhand and a student association. Together these members and institutions offer 55 years of expertise.

As decided at the Annual General Meeting in 2021, the CHANCEN Group is moving its registered office from Witten to Hamburg.

CHANCEN eG issues a bond together with GLS Bank to finance an additional 650 students.

The Income Share Agreement can make education possible for many people. With CHANCEN International gGmbH, CHANCEN eG establishes a non-profit subsidiary to offer financing in emerging and developing countries.

Olaf Lampson and Florian Kollewijn, previously on the Management Board of the SG, used their experience to grow the reach of the Income Share Agreements. Offering other students at Universities all over Germany equal opportunities and fair financing.

To cover the demand of educational finance and due to the growth in student applications at Uni W/H, the SG issued a bond of 7,5 Million Euros. This bond enabled the SG to cover tuition fees for beneficiaries of the Income Share Agreements with the assurance that these beneficiaries would pay back the money once they have started their careers.

Around a kitchen table, on a paper serviette, a group of students from Witten/Herdecke University conceptualised the Umgekehrter Generationsvertrag. The StudierendenGesellschaft Witten/Herdecke e. V. (SG) was established in May with 119 founding members. To this day, the association is managed by students from Witten/Herdecke University.

The Foundation for Future Education focuses on rethinking education. It supports concepts and methods that promote the development of young people so that they can grow into free and responsible individuals.

The first Student Fund, Gemeinnützigen Treuhandstelle e. V., is founded only 8 years after GLS Treuhand was registered as an association.

The GLS Treuhand was registered as an association in 1961, the purpose of the association was to assist non-profit organisations. Projects from schools and educational institutions were some of the first projects that were funded.


The idea behind CHANCEN eG

The Umgekehrter Generationenvertrag (Income Share Agreements in English) model was developed in 1995 by the StudierendenGesellschaft Witten/Herdecke e.V. Over 2,000 students have already benefited from free access to education. As former board members of StudierendenGesellschaft, the two founders of CHANCEN eG, Florian Kollewijn and Olaf Lampson truly believe in this financial model.

With CHANCEN eG, students and apprentices all over Germany have access to fair financing for their education. In addition, the GLS Treuhand is a committed partner. As a founding member and part of the supervisory board, Joachim Rang gives a valuable contribution through his extended network in the impact investing world and sound knowledge in ethical and sustainable investment.


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