In principle it's a very troubling idea. The international practice with regard to these measures in other developing countries does provide a very bad result. We know that it has already been done in some sub-Saharan African countries, and in some Latin American countries to some extent, and it hasn't really worked.
It's also very expensive for the public purse, because you end up either subsidizing the firms that own the schools and run them for profit or subsidizing the people who need to go to school. Illiteracy is very, very high in Honduras, the second-highest in the Americas.