Project
| ID | INDIGO-POJ-0043 |
|---|---|
| Impact Bond Name - (Value) | Village Enterprise Development Impact Bond |
| Stage of Development - (Value) | Complete |
| Dates - Date outcomes contract signed - (Value) | 2017-11 |
| Dates - Start date of service provision - (Value) | 2017-11 |
| Dates - (Source ID's) | source2,source3,source16 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2325000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2325000 |
| Purpose and classifications - Intervention - (Value) | The Village Enterprise DIB microenterprise development program seeks to improve the income levels of 12,000+ extreme poor households in rural Kenya and Uganda by creating 4,000+ sustainable microenterprises. The Village Enterprise’s (VE) microenterprise development program delivers cash in the form of a cash grant as well as regular business mentoring and training, this approach is commonly known as a graduation Programme. There are 5 components to the Programme: targeting, business savings groups, training, seed funding and mentoring. |
| Purpose and classifications - Policy sector - (Value) | Poverty reduction |
| Purpose and classifications - (Source ID's) | source10,source1 |
| Service and beneficiaries - Target population - (Value) | Individuals living in extreme poverty (less than $1.90 PPP per day) that have no experience of operating a business The VE DIB is implemented in remote rural areas of Kenya and Uganda, East Africa where more than 50% of the population live in extreme poverty. Poor households are identified using a hybrid combination of a community-based Participatory Wealth Ranking exercise and a survey using Grameen’s Progress Out of Poverty Index (PPI). Participatory Wealth Ranking uses consultations with community members, usually village elders, to identify the poorest households relative to the rest of the community. PPI attempts to establish a household wealth by using a simple questionnaire about household characteristics. |
| Service and beneficiaries - Actual number of unique service users or beneficiaries engaged (total) - (Value) | 14000 |
| Service and beneficiaries - Unit type of actual service users or beneficiaries engaged - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source10, source16 |
| Service and beneficiaries - (Notes) | Originally, 14,772 but only 13,839 got both first and second grants. The program funded by the Village Enterprise DIB was implemented in 241 villages across western Kenya and eastern Uganda from 2017 to 2020. A total of 14,772 ultra-poor households were offered to participate in the program |
| Outcome Funds 1: Id | INDIGO-FUND-0011 |
| Delivery Locations 1: Location - Name - (Value) | Kenya |
| Delivery Locations 1: Location - Country - (Value) | KE |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 1.1874 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 35.177136 |
| Delivery Locations 2: Location - Name - (Value) | Uganda |
| Delivery Locations 2: Location - Country - (Value) | UG |
| Delivery Locations 2: Lat/Lng - Lat - (Value) | 1.373333 |
| Delivery Locations 2: Lat/Lng - Lng - (Value) | 32.290275 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Village Enterprise website, 'Developmnt Impact Bond'. Accessed 21/07/2019 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Communication with Instiglio |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Instiglio. VE DIB Policy Brief. P.12 |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Ecorys. VE DIB Case Study. P. 1 |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Ecorys. VE DIB Case Study. P. 2 |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Instiglio. VE DIB Policy Brief. P.7 |
| Sources 7: Id | source9 |
| Sources 7: Name - (Value) | Instiglio. VE DIB Policy Brief. P.9 |
| Sources 8: Id | source10 |
| Sources 8: Name - (Value) | Village Enterprise website, 'What we do'. Accessed 21/07/2019 |
| Sources 9: Id | source11 |
| Sources 9: Name - (Value) | Instiglio. VE DIB Policy Brief. P.42 |
| Sources 10: Id | source12 |
| Sources 10: Name - (Value) | Instiglio. VE DIB Policy Brief. P.32 |
| Sources 11: Id | source13 |
| Sources 11: Name - (Value) | Instiglio. VE DIB Policy Brief. P.47 |
| Sources 12: Id | source14 |
| Sources 12: Name - (Value) | Instiglio. VE DIB Policy Brief. P.20 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0979 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0983 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 1608444 |
| Outcome Payment Commitments 1: Total outcome payments made - Amount - (Value) | $ |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0073 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | 1004454 |
| Outcome Payment Commitments 2: Total outcome payments made - Amount - (Value) | $ |
| Outcome Payment Commitments 3: Organisation ID - (Value) | INDIGO-ORG-0985 |
| Outcome Payment Commitments 3: Maximum potential Outcome payment - Amount - (Value) | 1667720 |
| Outcome Payment Commitments 3: Total outcome payments made - Amount - (Value) | $ |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0986 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0987 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0988 |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0989 |
| Investments 5: Id | investment5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-0990 |
| Investments 6: Id | investment6 |
| Investments 6: Organisation ID - (Value) | INDIGO-ORG-1295 |
| Investments 7: Id | investment7 |
| Investments 7: Organisation ID - (Value) | INDIGO-ORG-0992 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0979 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0279 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0982 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Present value of the household increase in consumption compared to the control group. The present value is calculated based on the increase in monthly consumption per household compared to the control group. Consumption is defined as the sum of household food and beverage consumption, household recurring consumption, and household infrequent consumption. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 13830 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Other |
| Outcome Metrics 1: Unit description of Service user or beneficiaries - (Value) | households |
| Outcome Metrics 1: Primary SDG goal - (Value) | 1 |
| Outcome Metrics 1: Primary SDG target - (Value) | 1.1 |
| Outcome Metrics 1: Notes | 13,830 households, 7 cohorts (estimate) |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Present value of the household increase in net assets compared to the control group The present value is calculated based on the household increase in net assets stock compared to the control group. Net assets are defined as net household assets (i.e. household savings and tangible household assets, net of household liabilities) plus net business assets (i.e. business savings and tangible business assets, net of business liabilities), accounting for business ownership by the household. No distinction between productive and non-productive assets is drawn; business assets are collected separately because VE specifically promotes the creation of multi-member businesses. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 1 |
| Outcome Metrics 2: Primary SDG target - (Value) | 1.1 |
| Documents 1: Title - (Value) | Case Study - Village Enterprise |
| Documents 1: URL - (Value) | https://golab.bsg.ox.ac.uk/knowledge-bank/case-studies/village-enterprise-dib/ |
| Documents 2: Title - (Value) | Report - Village Enterprise Development Impact Bond Case Study |
| Documents 2: URL - (Value) | https://golab.bsg.ox.ac.uk/knowledge-bank/resources/village-enterprise-dib/ |
| Documents 3: Title - (Value) | Village Enterprise Development Impact Bond Evaluation Findings |
| Documents 3: URL - (Value) | https://www.idinsight.org/publication/village-enterprise-development-impact-bond-evaluation-findings/ |