Pipeline
| ID | INDIGO-PL-0063 |
|---|---|
| Project Name - (Value) | Scaling Impact Enterprises of Bangladesh |
| Contact - Name - (Value) | Maxime Cheng |
| Contact - Email - (Value) | mcheng@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) | Phased Launch. 7 SIINC and 14 Impact-Ready Matching Funds planned so far, but program will be extended. Phased launched: 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) | 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) | Multi-year market & capacity building program including catalytic financing |
| Part of a larger outcomes-based financing program? - (Source ID's) | source1 |
| Dates - Expected Launch Date - (Value) | Don’t Know |
| Dates - Total expected project development time - (Value) | 6-12 months |
| Dates - Expected length of project (years) - (Value) | 3 |
| Dates - Project design process began - (Value) | Q1-2019 |
| Dates - (Source ID's) | source1 |
| Dates - (Notes) | Potential launch date: Q3-2023 |
| Rationale for using outcome based finance - (Value) | Correcting market failures (by providing financial incentives for achieving social impact) and enabling the enterprise to unleash its full impact potential as well as raising investment to scale |
| (Source ID's) | source1 |
| Key challenges to launch - (Value) | The lack of, or insufficient impact data collected by impact enterprise makes it difficult to incentivize impact creation in financial terms. |
| (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) | 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 (We meant the co-investment) |
| (Source ID's) | source1 |
| (Notes) | Same issue as with other SIINC. We meant the co-investment |
| Technical assistance grant - Technical assistance grant - (Value) | Yes |
| 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) | 5000000 |
| Overall project finance - (Source ID's) | source1 |
| Overall project finance - (Notes) | USD 5M (phase 1 ongoing) |
| Purpose and classifications - Social/Developmental challenge - (Value) | Many innovative impact enterprises in Bangladesh do not have access to appropriate financing to scale up and create additional impact. Furthermore, these enterprises facea 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 region and field of activity |
| 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) | Yes |
| Purpose and classifications - Policy sector - Criminal justice - (Value) | No |
| Purpose and classifications - Policy sector - Health - (Value) | No |
| Purpose and classifications - Policy sector - Agriculture - (Value) | Yes |
| Purpose and classifications - Policy sector - Environment and climate change - (Value) | Yes |
| 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 - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Vulnerable, low-income populations |
| 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 - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Low-income - (Value) | No |
| 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) | No |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - High-income - (Value) | No |
| Service users and beneficiaries - (Source ID's) | source1 |
| Notes - (Value) | Data for this pipeline project was last updated in February 2022 |
| Delivery Locations 1: Location - Name - (Value) | Bangladesh |
| Delivery Locations 1: Location - Country - (Value) | BD |
| Service Provisions 1: Notes | Each case will have specific service providers |
| Outcome Payment Commitments 1: Notes | SDC |
| 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 |
| Intermediary services 2: Organisation Role Category - (Value) | Other |
| Intermediary services 2: Notes | Other - LightCastle Partners (local implementation partner) |
| Outcome Metrics 1: Outcome Definition - (Value) | Each case will have specific metrics. |
| Outcome Metrics 1: Outcome validation Method - (Value) | Quasi-experimental, Non-experimental |