Educate Girls DIB
The world’s first Development Impact Bond in education surpasses both target outcomes.
The world’s largest development impact bond for education
The world’s largest development impact bond for education
The success of the Educate Girls Development Impact Bond (DIB) led to the Quality Education India DIB, which aims to change the lives of 200,000 primary school children in India. Partnering with an impressive coalition of public and private partners, as social investor we’ve provided 2.9 million Swiss francs in up-front working capital to three local NGOs for improving education quality.
The first phase of the program raised 9.2 million Swiss francs1. The intention is to double the size of the DIB in the coming years. If learning targets are met, the outcome funders will make payment each year, with up to a 8 percent IRR.
Investment in social outcomes
As social investor, UBS Optimus Foundation is providing up-front working capital to frontline NGOs so they can get to work improving education.
Implementation
The education NGOs aim to improve literacy and numeracy in children. The focus is on predefined and measurable learning outcomes, not on any set activities.
Outcome funding
The outcome funders repay the social investor – with a possible return – if learning outcomes are achieved. Repayment and returns fund further philanthropic programs.
CHF 11 million
CHF 11 million
over four years will provide quality interventions to improve literacy and numeracy for 200,000 children
< 50%
< 50%
by the age of 10 (grade 5), fewer than 50% of Indian primary school pupils have reached the reading level of a 7-year-old (grade 2)
See what leaders say about the world’s largest development impact bond in education
See what leaders say about the world’s largest development impact bond in education
Scaling quality education in India
You’ll find more information on our official Quality Education India DIB webpage.
The world’s first development impact bond in education
We piloted the Educate Girls DIB in 2015. It enrolled out-of-school girls and improved education in Rajasthan, India – it was so successful, it surpassed both its targets.
Maternal and Newborn Health DIB
Want to know how a development impact bond is helping mothers and baby in rural Rajasthan, India?
First social success note
An innovative pay-for-performance financing solution to drive return-seeking capital to social businesses looking to address the world’s most entrenched challenges.