Pipeline
| ID | INDIGO-PL-0062 |
|---|---|
| Project Name - (Value) | Impact-Linked Fund for WASH |
| Contact - Name - (Value) | Shabana Abbas, Patrizia Baffioni |
| Contact - Email - (Value) | s.abbas@aquaforall.org, pbaffioni@roots-of-impact.org |
| 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) | Scaling after successful pilot. Pilot: SIINC for WASH Program funding aQysta and KWSH enterprises. Two further SIINC that are close to signing. Phased launched: 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) | Impact-ready matching funds. |
| (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) | Q1-2020 |
| 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 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) | Yes |
| Service providers identified and selected - Direct contracting by outcome funder/investor/intermediary - (Value) | No |
| Service providers identified and selected - Provider-led deal development - (Value) | No |
| (Source ID's) | source1 |
| Feasibility study - (Value) | No |
| (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 (We meant the co-investment). |
| (Source ID's) | source1 |
| (Notes) | Same issue as with other SIINC. We refer to the co-investment. |
| 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) | 20000000 |
| Overall project finance - (Source ID's) | source1 |
| Overall project finance - (Notes) | Each case will have a different size. USD 20M is the estimated total fund size at 3rd closing, 1st phase after successful pilot started. |
| Purpose and classifications - Social/Developmental challenge - (Value) | Many innovative high-impact enterprises in the WASH sector do not have access to appropriate financing to scale up and create additional impact. Furthermore, these enterprises face a lack of incentives to achieve greater and deeper impact |
| Purpose and classifications - Expected intervention model - (Value) | High-impact enterprises provide innovative, sustainable and inclusive solutions in their respective communities |
| Purpose and classifications - Policy sector - Employment and private sector development - (Value) | No |
| 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) | Yes |
| Purpose and classifications - Policy sector - Agriculture - (Value) | No |
| Purpose and classifications - Policy sector - Environment and climate change - (Value) | Yes |
| Purpose and classifications - Policy sector - Water, Sanitation and Hygiene - (Value) | Yes |
| Purpose and classifications - Policy sector - Energy - (Value) | No |
| Purpose and classifications - Policy sector - Humanitarian - (Value) | No |
| Purpose and classifications - Secondary SDG goals - (Value) | 1,3,5,6,8,10,13 |
| Purpose and classifications - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Low-income populations without access to clean drinking water or good sanitation in the Global South |
| Service users and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | Each case will have a specific target population. TBD. |
| 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, and could potentially work with countries of all income levels. |
| Notes - (Value) | Data for this pipeline project was last updated in February 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 specific |
| Outcome Payment Commitments 1: Notes | Aqua for All |
| Investments 1: Notes | Each case will have specific investors |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Notes | Advisor - Roots of Impact |
| Outcome Metrics 1: Outcome Definition - (Value) | Each case will have specific metrics. TBD: socio-economic criteria, (first time) access to clean drinking water, net additional income, health outcomes, increased access to good sanitation |
| Outcome Metrics 1: Outcome validation Method - (Value) | Quasi-experimental, Non-experimental |