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 skills, employment and income
Starting in 2019, SIINC payments are provided to impact enterprises in Latin America and the Caribbean focused on skills, employment and income. A second call for applications was launched and closed in March 2020, out of which three enterprises were selected. For more information, please read our Two-Pager (or Spanish Two-Pager) or 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 was 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 or the more recent article about how linking finance to impact creates positive change for smallholder farmers supported by Root Capital.
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 selected companies will receive the SIINC payments from 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 of Bangladesh (Biniyog Briddhi)“ program is an innovative, multi-year public-private development partnership (PPDP) between the Embassy of Switzerland in Bangladesh, Roots of Impact, LightCastle Partners and other stakeholders such as investors, incubators and support organizations. SIINC is a used as a key solution for catalyzing private investment to early-stage impact enterprises ready to scale.
For more information about 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 are provided to impact enterprises working on a WASH-related solution, based on the additional social impact generated by their operations.
The SIINC for WASH program’s call for application launched on August 18th, 2020 and ended September 27th, 2020. For more information, visit the program website, study the leaflet, read our FAQ and/or contact us at email@example.com
SIINC and Impact-Linked Finance solutions for job creation, gender-inclusive finance and other impact sectors
We are busy implementing SIINC and other Impact-Linked Finance programs in other contexts. Currently, we are preparing Impact-Linked Funds for several new regions and sectors, such as job creation and gender-inclusive fintech. Would you like to know more? Stay up-to-date and register for our newsletter or regularly check-out the Impact-Linked Finance Fund’s website.