THE JOURNEY OF IMPACT-LINKED FINANCE
The journey of Impact-Linked Finance
How this innovative practice was adopted and gained momentum
![2016 2016](https://www.roots-of-impact.org/wp-content/uploads/2022/02/2016-1-80x180.png)
Building the field
Roots of Impact and the Swiss Agency for Development and Cooperation (SDC) pioneer Social Impact Incentives (SIINC) -> ARTICLE
![2019 2019](https://www.roots-of-impact.org/wp-content/uploads/2022/02/2019-5-80x180.png)
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
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![2020 2020](https://www.roots-of-impact.org/wp-content/uploads/2022/02/2020-1-80x180.png)
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
![2021 2021](https://www.roots-of-impact.org/wp-content/uploads/2022/02/2021-1-80x180.png)
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
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![2022 2022](https://www.roots-of-impact.org/wp-content/uploads/2022/02/2022-1-80x180.png)
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
![2023 2023](https://www.roots-of-impact.org/wp-content/uploads/2023/02/2023-80x180.png)
Large-scale rollout
The first Impact-Linked Finance programs are externally verified and evidence summarized in a short report -> DOWNLOAD
![2024 2024](https://www.roots-of-impact.org/wp-content/uploads/2024/06/2024-1-80x180.png)
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