Project: Scaling Impact Enterprises of Bangladesh
State of development: Current
Stage of development: Final negotiations
Stage 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 — Impact Bond: No; Outcomes Fund: Yes; Social Impact Incentives (SIINC): Yes; Social Impact Guarantee: No; Payment-by-results (no pre-financing): No; Technical Assistance and Market-building program: Yes; Other: Impact-ready matching funds
Part of a larger outcomes-based financing program: Yes Multi-year market & capacity building program including catalytic financing
Expected launch date: Don’t Know
Total expected project development time: 6-12 months
Expected length of project (years): 3
Project design process began: Q1-2019
Rationale for using outcome-based finance: 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
Key challenges to launch: The lack of, or insufficient impact data collected by impact enterprise makes it difficult to incentivize impact creation in financial terms.
Role of the domestic government — Outcomes funder: No; Service provider: No; Member of project committee: No; No formal role: Yes; Other: 
Service providers identified and selected — Request-for-proposals: Yes; Direct contracting by outcome funder/investor/intermediary: No; Provider-led deal development: No; Other: 
Feasibility study: Yes
Proposed financing instruments — Debt: Yes; Equity: Yes; Guarantee: Yes; Grant: No; Other: Other: Financial Innovations (We meant the co-investment)
Technical assistance grant: Yes — 
Estimated maximum potential outcome payment: 5000000 USD
Overall project finance notes: USD 5M (phase 1 ongoing)
Social/developmental challenge: 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.
Expected intervention model: High-impact enterprises provide innovative, sustainable and inclusive solutions in their respective region and field of activity
Policy sectors — Employment and private sector development: Yes; Education: No; Social protection: Yes; Criminal justice: No; Health: No; Agriculture: Yes; Environment and climate change: Yes; Water, Sanitation and Hygiene: No; Energy: No; Humanitarian: No; Early Childhood Education: ; Other: 
Target population: Vulnerable, low-income populations
Targeted number of unique service users or beneficiaries: Each case will have a specific target population. TBD.
Unit type of targeted beneficiaries: Individual
Country income classification of beneficiaries — Low-income: No; Lower-middle-income: Yes; Upper-middle-income: No; High-income: No
Notes: Data for this pipeline project was last updated in February 2022
Delivery location: Bangladesh