Pipeline
| ID | INDIGO-PL-0072 |
|---|---|
| Project Name - (Value) | Poverty alleviation for women in Bangladesh |
| Contact - Name - (Value) | Lewis Temple |
| Contact - Email - (Value) | lewis@bracuk.net |
| State of Development - (Value) | Current |
| State of Development - (Source ID's) | source1 |
| Stage of Development - (Value) | Scoping |
| Stage of Development - (Source ID's) | source1 |
| Type of instrument and project - Impact Bond - (Value) | Yes |
| Type of instrument and project - Outcomes Fund - (Value) | Yes |
| Type of instrument and project - Social Impact Incentives (SIINC) - (Value) | No |
| 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) | No |
| (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) | BRAC has been selected by Global CItizens and NPX as one of its partners to launch a $25M Impact Bond for poverty alleviation, with the ability to absorb $100M. |
| Part of a larger outcomes-based financing program? - (Source ID's) | source1 |
| Dates - Expected Launch Date - (Value) | Q2 - 2023 |
| Dates - Total expected project development time - (Value) | 0-6 months |
| Dates - Expected length of project (years) - (Value) | 4 |
| Dates - (Source ID's) | source1 |
| Rationale for using outcome based finance - (Value) | This instrument provides for larger amounts of capital that are steady, reliable and transformational, and flexible capital explicitly linked to outcomes. Puts NGOs in the driver's seat. Bangladesh has now moved to a middle-income status, has diminishing grant/ODA funding, and needs to recover from the COVID pandemic. Much of BRAC’s testing, piloting and scaling was achieved through its Strategic Partnership Agreement with FCDO and DFAT, which has now decreased. BRAC is seeking Innovative Finance mechanisms to unlock more funding, especially risk capital from investors to both test new models, iterate on existing models and achieve scale, either directly or through government, with whom BRAC has a long-standing relationship. DIB addresses the specific socio-economic context in Bangladesh and BRAC’s relevant response. |
| (Source ID's) | source1 |
| Key challenges to launch - (Value) | Currently in the process of sourcing outcomes funding |
| (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) | No |
| Role of the domestic government - Other - (Value) | Not determined yet |
| (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 |
| Service providers identified and selected - Other - (Value) | No |
| (Source ID's) | source1 |
| (Notes) | Global Citizen reached out to BRAC and asked BRAC to provide information which was analysed and assessed and BRAC met the rigorous criteria that they had outlined. |
| Feasibility study - (Value) | No |
| (Source ID's) | source1 |
| Proposed financing instruments - Debt - (Value) | Yes |
| Proposed financing instruments - Equity - (Value) | No |
| Proposed financing instruments - Guarantee - (Value) | No |
| Proposed financing instruments - Grant - (Value) | No |
| Proposed financing instruments - Other - (Value) | No |
| (Source ID's) | source1 |
| 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) | 25000000 |
| Overall project finance - (Source ID's) | source1 |
| Purpose and classifications - Social/Developmental challenge - (Value) | An additional 24 million Bangladeshis are living in poverty as a result of the COVID-19 pandemic. Communities in remote areas, socially excluded women, disabled, and indigenous people were most impacted. Millions of Bangladeshis lack the ability to provide a sustainable livelihood for their families and do not have access to sufficient food, income, health care and education services. Additionally, they lack the skills, networks and resources to engage productively in the economy. |
| Purpose and classifications - Expected intervention model - (Value) | BRAC will be using its evidence-based, multifaceted Graduation model providing a two-year intervention --cash, asset transfer, training, mentoring, linkages to markets to underserved women. This would result in an additional: 1) 50,000 women-headed families permanently above the poverty line 2) Increased participation by women in household decision making 3) Increased productive assets and savings for the poorest Bangladeshis. |
| 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) | 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) | 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 - Early Childhood Education - (Value) | No |
| Purpose and classifications - Secondary SDG goals - (Value) | 1,5,10 |
| Purpose and classifications - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Rural women-led households earning less than $1.90/day. |
| Service users and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 50000 |
| 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 April 2022 |
| Delivery Locations 1: Location - Name - (Value) | Bangladesh |
| Delivery Locations 1: Location - Country - (Value) | BD |
| 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 | BRAC |
| Outcome Payment Commitments 1: Notes | TBD |
| Investments 1: Notes | TBD |
| Intermediary services 1: Notes | Advisor - Global Citizen + NPX (intermediary) |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Average total savings per business savings group, average increase in household savings, average increase in annual household consumption and expenditure, average increase in daily meal consumption, average increase in weekly animal protein consumption. |