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. The next call for applications is open until March 1, 2020. Interested organisations can apply via this online form. For questions about this program, you can read the SIINC FAQ in English and Spanish. For more information on the call and the eligibility criteria, 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 Sub-Saharan Africa
Since 2019, we collaborate with the Energising Development (EnDev) program and 60 Decibels to provide SIINC to off-grid energy enterprises operating in Sub-Saharan Africa. Time-limited premium payments will be disbursed to enterprises creating material positive outcomes for their beneficiaries and reaching next- and last mile customers. This program will inform the planned set-up of an outcomes fund for off-grid clean energy The call for applications is currently open in Benin, Mali, Kenya and Uganda. For more information on the call and the eligibility criteria, 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.
SIINC and Impact-Linked Finance solutions for WASH / job creation / gender-inclusive finance
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 WASH, job creation and gender-inclusive finance. Would you like to know more? Stay up-to-date and register for our newsletter.