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Village Enterprise Closes Investment for First Development Impact Bond for Poverty Alleviation in Sub-Saharan Africa
"This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes…. We also hope to generate important lessons on how to effectively commission, adapt and scale promising poverty alleviation programs"
- Region
- Sub-Saharan Africa
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Report: ‘No clear evidence’ social impact bonds lead to better outcomes
SIBs work by attracting investment to fund projects, often involving charities and social enterprises, and reimbursing and rewarding the investors if the project is successful.
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Are Impact Bonds and Outcome Funds a Solution to the Global Learning Crisis?
A related and relatively new phenomenon, Outcome Funds for Education, may further help address issues of fragmentation and inequities in funding.
- Categories
- Education
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More Governments Are Turning To Impact Bonds–But Do They Deliver?
The model of the social impact bond, now eight years old, is spreading. Figures recently released by Social Finance, a nonprofit that arranges SIBs, says there are now 108 around the world.
- Categories
- Impact Assessment
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Press release: Social Impact Bonds reach global mass: 108 projects launched in 24 countries
The field has seen impressive growth since the first project was pioneered by Social Finance UK in 2010 in Peterborough, with a goal of reducing reoffending among short-sentenced prisoners, a chronic challenge in the UK criminal justice system. This summer it was announced that the Peterborough Social Impact Bond reduced reoffending by 9% and investors were repaid in full, with a 3% annualized return.
- Categories
- Investing
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Register for Social Finance Forum, Canada’s Leading Impact Investing Event – Get 10% Discount
Now in its 10th year, the Social Finance Forum, organized by MaRS Centre for Impact Investing, is Canada’s leading gathering of impact investors and social entrepreneurs. It bestows Social Finance Awards, for which the deadline to apply is Oct. 20. There's also a Venture Pitch Competition with a $5,000 prize. NextBillion is a media partner and our readers get a 10 percent discount.
- Categories
- Impact Assessment, Investing
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Impact bonds in developing countries: Early learnings from the field
Achieving the SDGs will require governments and multilaterals to develop and apply innovative financing tools to make the best use of existing funds. Results-based financing represents one tool that governments and multilaterals can use to ensure that funds are directed most effectively toward populations in need.
- Categories
- Investing
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Social Impact Incentives: A New Solution for Blended Finance
In just six years, social enterprise Clínicas del Azúcar has grown into the largest private provider of specialized diabetes care in Mexico, but faces an almost constant challenge to balance its financial and social performance. That's where social impact incentives (SIINC) come into play. A new solution for blended finance, SIINCs align profitability with social impact by paying social enterprises directly for proven social outcomes.
- Categories
- Energy, Health Care, Investing, Social Enterprise, Technology