THE JOURNEY OF IMPACT-LINKED FINANCE
The journey of Impact-Linked Finance
How this innovative practice was adopted and gained momentum
Building the field
Roots of Impact and the Swiss Agency for Development and Cooperation (SDC) pioneer Social Impact Incentives (SIINC) -> ARTICLE
Entering features & frameworks
Integration of SIINC in the OECD policy framework for impact investing -> REPORT
Devex features SIINC as “a new tool for supporting impact“ -> ARTICLE
First report by Boston Consulting Group and Roots of Impact coining the term „Impact-Linked Finance“ / definition of the „Design Principles for Impact-Linked Finance“ -> REPORT
First application of SIINC at a portfolio level in agricultural SME lending -> PRESS RELEASE
….
Initial scaling
Aceli Africa starts to use SIINC (origination incentives) for 25 financial institutions in Sub-Saharan Africa -> WEBSITE
14% of all outcomes-based funding programs in preparation across the globe use SIINC -> REPORT (page 8)
The OECD recommends impact incentives in its guidance note for the Blended Finance Principles -> PRINCIPLES (page 14, item 45)
SIINC is featured in Harvard Business Review -> ARTICLE
Roots of Impact and iGravity partner to launch the Impact-Linked Finance Fund -> WEBSITE
Wider adoption
KfW launches a “smart outcomes fund” for off-grid clean energy using SIINC at scale -> PRESS RESLEASE
The first independent market report on global Impact-Linked Finance is released -> REPORT
The Impact-Linked Fund for Southern and Eastern Africa launches -> WEBSITE
The Impact-Linked Fund for Education is kicked off -> WEBSITE
SIINC is listed on Wikipedia -> WIKIPAGE
A new book called “Adventure Finance“ features Impact-Linked Finance in a dedicated chapter -> BOOK
SIINC and Impact-Linked Finance are taught at the Oxford Impact Finance Innovations Programme -> COURSE PAGE
….
Building a global community
A research report by Root Capital provides evidence about “How Impact-Linked Finance Incentivizes High Impact Investment in Agricultural SMEs“ -> REPORT
Launch of the Impact-Linked Fund for Gender Inclusive Fintech -> WEBSITE
Launch of the Impact-Linked Fund for WASH -> WEBSITE
The Open Platform for Impact-Linked Finance enables and encourages more actors to adopt and establish this practice -> WEBSITE
The Design Principles for Impact-Linked Finance are refined -> DOWNLOAD
Large-scale rollout
The first Impact-Linked Finance programs are externally verified and evidence summarized in a short report -> DOWNLOAD