Pipeline
| ID | INDIGO-PL-0059 |
|---|---|
| Project Name - (Value) | Impact-Linked Fund for Gender Inclusive FinTech |
| Contact - Name - (Value) | Natasha Dinham / Lucas Tschan |
| Contact - Email - (Value) | ndinham@roots-of-impact.org / lucas.tschan@igravity.net |
| State of Development - (Value) | Current |
| State of Development - (Source ID's) | source1 |
| Stage of Development - (Value) | Final negotiations |
| Stage of Development - (Source ID's) | source1 |
| Stage of Development - (Notes) | Phased Launch: Q2 - 2022, Q3 - 2022, Q4 - 2022, Q1 - 2023, Q2 - 2023 or later |
| Type of instrument and project - Impact Bond - (Value) | No |
| Type of instrument and project - Outcomes Fund - (Value) | Yes |
| Type of instrument and project - Social Impact Incentives (SIINC) - (Value) | Yes |
| Type of instrument and project - Social Impact Guarantee - (Value) | No |
| Type of instrument and project - Payment-by-results (no pre-financing) - (Value) | No |
| Type of instrument and project - Technical Assistance and Market-building program (Must involve dedicated grant resources) - (Value) | Yes |
| Type of instrument and project - Other - (Value) | Outcomes Fund, Technical Assistance and Market-building program, Social Impact Incentives. |
| (Source ID's) | source1 |
| Part of a larger outcomes-based financing program? - Part of a larger outcomes-based financing program? - (Value) | Yes |
| Part of a larger outcomes-based financing program? - Details - (Value) | Dedicated Fund using SIINC and other Impact-Linked Finance instruments |
| Part of a larger outcomes-based financing program? - (Source ID's) | source1 |
| Dates - Expected Launch Date - (Value) | Q2 - 2022 |
| Dates - Total expected project development time - (Value) | 6-12 months |
| Dates - Expected length of project (years) - (Value) | Open-ended |
| Dates - Project design process began - (Value) | Q1-2019 |
| Dates - (Source ID's) | source1 |
| Rationale for using outcome based finance - (Value) | Correcting market failures (by providing financial incentives for achieving social outcomes) and enabling high-impact fintech enterprises to unleash their full impact potential as well as raising investment to scale |
| (Source ID's) | source1 |
| Key challenges to launch - (Value) | Readiness of enterprises to enter into an Impact-Linked Finance transaction (will be addressed through TA) |
| (Source ID's) | source1 |
| Role of the domestic government - Outcomes funder - (Value) | No |
| Role of the domestic government - Service provider - (Value) | No |
| Role of the domestic government - Member of project committee - (Value) | No |
| Role of the domestic government - No formal role - (Value) | Yes |
| (Source ID's) | source1 |
| Service providers identified and selected - Request-for-proposals - (Value) | No |
| Service providers identified and selected - Direct contracting by outcome funder/investor/intermediary - (Value) | Yes |
| Service providers identified and selected - Provider-led deal development - (Value) | No |
| (Source ID's) | source1 |
| (Notes) | Enterprises will be identified by partnering investors (efficiency, readiness for investment, alignment with investment strategy) |
| Feasibility study - (Value) | Yes |
| (Source ID's) | source1 |
| Proposed financing instruments - Debt - (Value) | Yes |
| Proposed financing instruments - Equity - (Value) | Yes |
| Proposed financing instruments - Guarantee - (Value) | Yes |
| Proposed financing instruments - Grant - (Value) | No |
| Proposed financing instruments - Other - (Value) | Other: Financial Innovations |
| (Source ID's) | source1 |
| (Notes) | The question is misleading for Impact-Linked Finance. It can be co-investment for SIINC (what we meant here) or our own instruments. Own instruments are SIINC (which is not a grant but a service contract, debt (impact-linked loan) or other financial innovations such as impact-linked revenue share agreements or recoverable grants. |
| Technical assistance grant - Technical assistance grant - (Value) | No |
| Technical assistance grant - (Source ID's) | source1 |
| Overall project finance - Estimated Maximum potential outcome payment - Currency - (Value) | USD |
| Overall project finance - Estimated Maximum potential outcome payment - Amount - (Value) | 100000000 |
| Overall project finance - (Source ID's) | source1 |
| Overall project finance - (Notes) | Each case will have a specific size. USD 100M is the estimated total fund size at 3rd closing, 1st closing in March 2022 (USD13M) |
| Purpose and classifications - Social/Developmental challenge - (Value) | Many innovative fintech enterprises in developing and emerging economies do not have access to appropriate financing to scale up and create additional, gender-transformative impact. Furthermore, these enterprises face a lack of incentives to achieve greater and deeper impact for marginalized women. |
| Purpose and classifications - Expected intervention model - (Value) | High-impact fintech enterprises provide innovative, sustainable and inclusive solutions for their respective customers |
| Purpose and classifications - Policy sector - Employment and private sector development - (Value) | Yes |
| Purpose and classifications - Policy sector - Education - (Value) | No |
| Purpose and classifications - Policy sector - Social protection - (Value) | No |
| Purpose and classifications - Policy sector - Criminal justice - (Value) | No |
| Purpose and classifications - Policy sector - Health - (Value) | No |
| Purpose and classifications - Policy sector - Agriculture - (Value) | No |
| Purpose and classifications - Policy sector - Environment and climate change - (Value) | No |
| Purpose and classifications - Policy sector - Water, Sanitation and Hygiene - (Value) | No |
| Purpose and classifications - Policy sector - Energy - (Value) | No |
| Purpose and classifications - Policy sector - Humanitarian - (Value) | No |
| Purpose and classifications - Policy sector - Other - (Value) | Financial inclusion, women empowerment |
| Purpose and classifications - Secondary SDG goals - (Value) | 1,5,8,10,17 |
| Purpose and classifications - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Marginalized, low-income women, including migrants. |
| Service users and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | Each case will have specific target populations. TBD. |
| Service users and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Low-income - (Value) | Yes |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Lower-middle-income - (Value) | Yes |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Upper-middle-income - (Value) | Yes |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - High-income - (Value) | Yes |
| Service users and beneficiaries - (Source ID's) | source1 |
| Service users and beneficiaries - (Notes) | This fund does not target particular countries yet, we assume that this fund could work in countries of all income levels. |
| Notes - (Value) | Data for this pipeline project was last updated in April 2022 |
| Delivery Locations 1: Location - Name - (Value) | Sub-Saharan Africa |
| Delivery Locations 2: Location - Name - (Value) | East Asia & Pacific |
| Delivery Locations 3: Location - Name - (Value) | South Asia |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Data shared by key stakeholders of the project through March 2022 Levoca questionnaire |
| Service Provisions 1: Notes | Each case will have specific service providers |
| Outcome Payment Commitments 1: Notes | SDC, ADA |
| Investments 1: Notes | Bamboo Capital, Womens World Banking Fund II, Mercy Corps Ventures |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Notes | Advisor - iGravity, Roots of Impact |
| Intermediary services 2: Organisation Role Category - (Value) | Other |
| Intermediary services 2: Notes | Other - Impact-Linked Finance Fund (trustee) |
| Outcome Metrics 1: Outcome Definition - (Value) | Each case will have specific outcome metrics. Examples: net additional income, increased ownership of productive assets, increased financial literacy, utilisation of financial products and services measured as Net Promoter Score. |
| Outcome Metrics 1: Outcome validation Method - (Value) | Quasi-experimental |