Impact Bond: Educate Girls 
Also known as: Educate Girls Development Impact Bond
Stage of development: Complete
Policy sector: Education
Intervention: Educate Girls utilises an integrated community-based approach to provide education to young girls aged 6-14 in Rajasthan India. Educate Girls strong community ties provides them with a unique position to positively influence and communicate the value of education within rural Indian communities in Rajasthan. Educate Girls understanding of the cultural context and its flexible teaching approach, allows them to create tailored teaching programmes that adapt to the needs of the end user, which ultimately improves the quality of their education. 
Date outcomes contract signed: 2015-05
Date contracts between all parties signed: 2015-05
Start of service provision: 2015-06
Anticipated end of service provision: 2018-02
Actual end of service provision: 2018-02
Anticipated completion date: 2018-05
Actual completion date: 2018-05
Dates notes: There are various contracts (all signed on May 1, 2015):
1. Outcomes Payment Contract: UBS (investor) & Children's Investment Fund Foundation (outcome payer)
2. Framework Agreement: all parties UBS, CIFF, Educate Girls, IDinsight (evaluator), and Instiglio (project manager)
3. Grant & Service Agreement: UBS and Educate Girls
4. Evaluation Agreement. CIFF and IDinsight
Total investment commitment currency: CHF
Total investment commitment: 267731
Total investment commitment (USD): 292897.714
Maximum potential outcome payment: 422000 USD
Maximum potential outcome payment (USD): 422000
Maximum potential loss: 1
Maximum potential return type: IRR
Maximum potential return: 0.15
Investor repayment: USD 422000
Total outcome payments made: 422000 USD
Total outcome payments made (USD): 422000
Target population: Out-of-school girls in Rajasthan. Educate Girls compiled and maintained a census of out-of-school girls in treatment villages, which IDinsight validated each year.
Actual number of service users or beneficiaries engaged: 18260
Actual unit type: Individual