SIINC IN PRACTICE
SIINC in Practice
SIINC is used in a variety of innovative programs that aim to provide time-limited rewards to high-impact enterprises.
SIINC LATAM is a multi-year program implemented by Roots of Impact and its partners the Swiss Agency for Development Cooperation, Ashoka, New Ventures and IDB Lab. Through this program, partners support impact enterprises with premium payments for positive outcomes as part of the next financing round. You will find detailed information about the Social Impact Incentives (SIINC) mechanism here.
SIINC for vocational skills development (VSD)
Starting in 2019, SIINC payments are provided to impact enterprises in Latin America and the Caribbean focused on vocational skills development (VSD). A second call for applications was launched and closed in March 2020, out of which three enterprises were selected. For more information, please contact the Project Manager Patrizia Baffioni
SIINC for agricultural SME lending
This collaboration between Root Capital and Roots of Impact applies the SIINC model for the first time on a portfolio level. The model will be piloted in Latin America. Here, market-correcting incentives are used to compensate for the high operating costs and risk associated with loans to early-stage agricultural businesses creating significant positive impact. For more information, please see Root Capital’s press release
SIINC for off-grid clean energy in Kenya
In collaboration with GIZ’s Energising Development (EnDev) programme and 60 Decibels, a SIINC pilot project for off-grid energy enterprises operating in Kenya is ongoing. Time-limited premium payments will be disbursed to enterprises creating positive outcomes, including reaching next- and last mile customers. The call for applications will be launched in June 2020, and the selected companies will receive the SIINC payments throughout 2021 to 2022.
This pilot project is aimed at empowering implementing partners to be able to replicate SIINC in other geographies, while also informing the planned set-up of an outcomes fund for off-grid clean energy. For more information, please contact the Project Manager Patrizia Baffioni
SIINC in an access to finance for impact enterprises program in Bangladesh
The ‚Scaling Impact Enterprises in Bangladesh‘ program is an innovative, multi-year public private development partnership (PPDP) between the Swiss Agency for Development and Cooperation, Roots of Impact, LightCastle Partners and other stakeholders such as investors, incubators and support organizations for impact enterprises. SIINC is a used as a key solution for catalyzing private investment to early stage impact enterprises ready to scale.
For more information about this program called ‚Biniyog Briddhi‘ and the SIINC component, please visit the program website
SIINC for water, sanitation and hygiene (WASH)
Roots of Impact in collaboration with Aqua for All is implementing a SIINC pilot project in the water, sanitation and hygiene (WASH) sector, covering Asia, Sub-Saharan Africa, and the Middle East and North Africa (MENA) regions. Outcome-based incentive payments will be provided to impact enterprises providing products, services, infrastructure, and digital solutions in the WASH space based on the social impact generated by their operations. The call for applications will be launched in July 2020.
Stay tuned for more information and the application link to be published here within short. In the meantime, information is available from our Project Manager Patrizia Baffioni
SIINC and Impact-Linked Finance solutions for job creation, gender-inclusive finance and other impact sectors
We are busy implementing SIINC in other contexts. Currently, we are preparing programs using SIINC and other Impact-Linked Finance solutions for several new regions and sectors, such as job creation and gender-inclusive finance. Would you like to know more? Stay up-to-date and register for our newsletter.