Project
| ID | INDIGO-POJ-0016 |
|---|---|
| Impact Bond Name - (Value) | Cameroon Cataract Bond |
| Stage of Development - (Value) | Implementation |
| Dates - Start date of service provision - (Value) | 2018-03 |
| Dates - (Source ID's) | source2 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2000000 |
| Purpose and classifications - Intervention - (Value) | The Cameroon Cataract Bond is a pay-for-performance loan designed to provide funding to build a hospital to prevent blindness through the provision of cataract surgeries, with the ultimate goal of making the hospital self-sufficient after five years. In order to help prevent avoidable blindness in Cameroon, the hospital has adopted the Aravind model of cross-subsidisation pricing, high service volume, and revenue diversification strategies to provide quality cataract treatment services to the poor at low or no cost in Cameroon. In order to operationalise the cross-subsidisation pricing model, the hospital has two target groups: low-income patients and middle-income patients. |
| Purpose and classifications - Policy sector - (Value) | Health |
| Purpose and classifications - (Source ID's) | source2,source3 |
| Service and beneficiaries - Target population - (Value) | In order to operationalise the cross-subsidisation pricing model, MICEI has two target groups: low-income patients and middle-income patients. The funds generated will enable MICEI to provide cataract surgery for free or at a subsidised price for patients that are unable to pay for transport to the hospital and for the treatment itself. At least 40% of surgeries provided to individuals belonging to the bottom two wealth quintiles of the population in Cameroon by the end of year 5. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 18000 |
| Service and beneficiaries - (Source ID's) | source3 |
| Delivery Locations 1: Location - Name - (Value) | Cameroon (Nationwide) |
| Delivery Locations 1: Location - Country - (Value) | CM |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 3.792505 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 11.490655 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Ecorys (2019) Cameroon Cataract Bond: A case Study produced as a part of the Cameroon Cataract Bond Evaluation. P. Cover page. |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Ecorys (2019) Cameroon Cataract Bond: A case Study produced as a part of the Cameroon Cataract Bond Evaluation. P.1. |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Ecorys (2019) Cameroon Cataract Bond: A case Study produced as a part of the Cameroon Cataract Bond Evaluation. P.3-4. |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Ecorys (Forthcoming) Independent Evaluation of the Development Impact Bonds (DIBs) Pilot programme. P.21. |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Ecorys (2019) Cameroon Cataract Bond: A case Study produced as a part of the Cameroon Cataract Bond Evaluation. P.7. |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Ecorys (2019) Cameroon Cataract Bond: A case Study produced as a part of the Cameroon Cataract Bond Evaluation. P.4. |
| Sources 7: Id | sourcehackandlearn2021-08 |
| Sources 7: Name - (Value) | Hack and Learn - August 2021 |
| Sources 8: Id | source9 |
| Sources 8: Name - (Value) | Email correspondence with Sagana on 24th October 2022 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0434 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0438 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 2240000 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0439 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | 280000 |
| Outcome Payment Commitments 3: Organisation ID - (Value) | INDIGO-ORG-0440 |
| Outcome Payment Commitments 3: Maximum potential Outcome payment - Amount - (Value) | 280000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0441 |
| Investments 1: Investment Type - (Value) | Loan |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0442 |
| Investments 2: Investment Type - (Value) | Loan |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0435 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0436 |
| Intermediary services 2: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0437 |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-1405 |
| Intermediary services 4: Organisation Role Category - (Value) | Performance management |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Number of cataract surgeries. Record of number of cataract surgeries provided. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 18000 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 1: Primary SDG target - (Value) | 3.4 |
| Outcome Metrics 1: Secondary SDG targets - (Value) | 3.8 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Quality of the surgeries. At least 50% of surgeries achieve a ‘good’ outcome according to WHO guidelines for visual acuity of cataracts patients post-surgery. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 2: Primary SDG target - (Value) | 3.4 |
| Outcome Metrics 2: Secondary SDG targets - (Value) | 3.8 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Financial sustainability. Assessed only in year 5 using the normalized EBITDA ratio. |
| Outcome Metrics 3: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 3: Primary SDG target - (Value) | 3.c |
| Outcome Metrics 3: Secondary SDG targets - (Value) | 3.8 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | Performance bonus: Equity target. At least 40% of surgeries provided to individuals belonging to the bottom two wealth quintiles of the population in Cameroon by the end of year 5. |
| Outcome Metrics 4: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 4: Secondary SDG goals - (Value) | 1 |
| Outcome Metrics 4: Primary SDG target - (Value) | 3.8 |
| Outcome Metrics 4: Secondary SDG targets - (Value) | 1.4 |
| Documents 1: Title - (Value) | Case Study - Cameroon Cataract Bond |
| Documents 1: URL - (Value) | https://golab.bsg.ox.ac.uk/knowledge-bank/case-studies/cameroon-cataract-bond/ |
| Documents 2: Title - (Value) | Publication - A case study produced as part of the Cameroon Cataract Bond Evaluation |
| Documents 2: URL - (Value) | https://golab.bsg.ox.ac.uk/knowledge-bank/resources/cameroon-cataract-bond-eval/ |