Village Enterprise has raised US $3.5m of working capital from private investors and philanthropic sources to provide first-time entrepreneurs who live in extreme poverty with seed capital, training and mentoring to start more than 4,600 small sustainable businesses in rural Kenya and Uganda by 2020. UMSL Associate Clinical Professor and Doctor of Optometry Katie Boland (at left) and student Craig Woods pose with a teller card – one item the doctors use to help assess children’s vision at the Delta Gamma Center for Children with Visual Impairments. Katie Boland, chosen by Elle Canada as one of the three Canadians to watch, is an actress, writer, director and producer. Brian Boland is the co-founder of the Delta Fund, along with his wife, Katie. By continuing to use this website you are giving consent to cookies being used. Brian and Katie Boland are investing US $1 million in this DIB through their Delta Fund. health, and sanitation and in over a dozen countries and have offices in Dakar, Johannesburg, Lusaka, Manila, Nairobi, New Delhi, San Francisco, and Washington, D.C. Business Trainer and Management Consultant. A statement issued by the Fund reads: “Village Enterprise is an exceptional organizational that practices data-driven decision-making and has proven impact. About Instiglio Instiglio is a non-profit firm dedicated to thoughtfully expanding the use of Results-Based Financing (RBF) in international development, including the pioneering of impact bonds and outcome funds in emerging markets. “Mobilizing private capital is critical if we are to achieve the United Nation’s #1 Sustainable Development Goal (SDG) of ending extreme poverty by 2030.”, Providing Investors and Donors with Results. The Bridges Impact Foundation is the philanthropic arm of Bridges Fund Management ("Bridges"), a specialist sustainable and impact investor. Instiglio has worked in over 18 countries in Latin America and Africa, partnering with country governments and major funders on how to achieve greater outcomes in education, poverty alleviation, workforce development, and health – among other issue areas. IDinsight works across a range of sectors, including education, financial access, governance, agriculture.

Innovations for Poverty Action recently completed a randomized controlled trial (RCT) of the program that demonstrated increases in assets and consumption, as well as subjective well-being and nutrition, among program participants. Over 760 million people still live in extreme poverty, over half of whom live in sub-Saharan Africa despite decades of development work and billions of dollars expended on the continent and globally. Brian and Katie Boland are investing US $1 million in this DIB through their Delta Fund. Co-Founder of The Delta Fund; Social Innovation Consultant. Questions about your PRWeb account or interested in learning more about our news services? IDinsight's mission is to help policymakers and practitioners use rigorous data and evidence to make more socially impactful decisions. The Bridges Impact Foundation through its philanthropic arm Bridges Fund Management supports a range of solutions to pressing societal challenges, including 27 social impact bonds (SIBs), about half of the total commissioned in the U.K. to date. Village Enterprise and Instiglio are partnering with private impact investors and the United States Agency for International Development’s Development Innovation Ventures (USAID DIV) and the U.K. Department for International Development (DFID) on the Village Enterprise Development Impact Bond. IDinsight will also provide Village Enterprise with vital data to optimize program learning and improvement through the DIB. Registration on or use of this site constitutes acceptance of our, Jeff Bezos cashed out over $3 billion in Amazon stock but still made a massive gain off the post-election limbo for the markets », JPMorgan's Dimon preaches patience — Ex-Coatue MD to launch new fund — Election fallout continues ». IDinsight will also provide Village Enterprise with vital data to optimize program learning and improvement through the DIB.”, The longer-term goal is to scale the poverty alleviation outcomes fund to increase the pool of capital available for poverty reduction and job creation programs while ensuring that measurable results are achieved. This pay-for-success model guarantees that donor money will be linked to measurable increases in consumption and net assets (as a proxy for income). Katie Boland, co-founder, says, “There are funds that invest in businesses that will achieve the greatest ROI but Upaya looks to gain the greatest impact as defined by helping those in extreme poverty. This website uses cookies. By tying funds to such ambitious outcomes and providing full flexibility for Village Enterprise to innovate on its program design and delivery practices, this DIB aims to enable a leap in the program’s cost-effectiveness. LinkedIn. This pay-for-success model guarantees that donor money will be linked to measurable increases in consumption and net assets (as a proxy for income).

We also hope to generate important lessons on how to effectively commission, adapt and scale promising poverty alleviation programs. Boland was named one of the Birks Diamond Women In Film Award which recognizes women who are leaders in the Canadian film Industry.She was also picked as one of Playback’s 10 To Watch, with the leading industry magazine saying, “Katie Boland has already … IDinsight leads learning partnerships across Asia and Africa, working with governments, multilaterals, foundations, social businesses, and innovative NGOs to generate and use evidence to improve their impact.

Commerce Policy | Made In NYC | “This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes…. To address this challenge, Village Enterprise, an NGO working to end extreme poverty in rural Africa, and Instiglio, a pioneer in results-based financing that led the design of the DIB, are partnering with private impact investors and the world’s two largest development agencies, the United States Agency for International Development’s Development Innovation Ventures (USAID DIV) and the U.K. Department for International Development (DFID) on the Village Enterprise Development Impact Bond. The Bridges Impact Foundation is the philanthropic arm of Bridges Fund Management (“Bridges”), a specialist sustainable and impact investor. Please enter your username or email address to reset your password. She is the person who will probably read your press release and get the story out of it or totally trash it. A statement issued by the Fund reads: "Village Enterprise is an exceptional organizational that practices data-driven decision-making and has proven impact. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC. The Delta Fund invests time and energy into organizations that demonstrate measurably successful and scalable programs focused on poverty alleviation and justice reform. There are 30+ professionals named "Katie Boland", who use LinkedIn to exchange information, ideas, and opportunities. Disclaimer | Bellevue, WA. Working in rural Sub Saharan Africa, the Village Enterprise “Graduation” program provides business and financial training, ongoing mentoring, seed capital grants and business savings networks to individuals who live on less than $1.90/day. We play a mix of the strategist and implementer role to get game-changing ideas off the ground over 24-36 months. Send tips to [email protected]. Some of nine impact investors, include the Delta Fund, the Laidir Foundation, the Silicon Valley Social Venture Fund, the Bridges Impact Foundation and several individual investors, are providing the working capital for Village Enterprise to equip 13,800 rural Africans who currently live on less than US $1.90 a day with the resources to become successful entrepreneurs. Michele Giddens, co-founder and partner at Bridges and a trustee of the Bridges Impact Foundation, said, “We’ve seen from our SIB investments in the U.K. that this approach drives better outcomes for vulnerable people by giving providers more freedom to innovate and tailor their program to local needs. By tying funds to such ambitious outcomes and providing full flexibility for Village Enterprise to innovate on its program design and delivery practices, this DIB aims to enable a leap in the program's cost-effectiveness. The presumption of microlending programs often seems to be that everyone can or should be an entrepreneur.

We carefully tailor a wide range of quantitative tools to help our clients design better public policies, rigorously test those ideas, and take informed action to improve lives at scale. Having visited their operations in Uganda, we know that their staff is committed to the kind of ongoing learning and innovation required to move the needle on a problem of this magnitude.". Outcome funders USAID and DFID will pay Village Enterprise and its investors based on results achieved rather than the traditional model of payment upon program delivery. IDinsight works across a range of sectors, including education, financial access, governance, agriculture. Village Enterprise's program includes targeting, training, mentoring, seed capital in the form of cash grants, and saving groups. By focusing funding on results, RBF introduces a new and sustained improvement in the standards of performance for the public and social sector; ultimately unlocking the potential of the world's most vulnerable people. Village Enterprise’s program includes targeting, training, mentoring, seed capital in the form of cash grants, and saving groups. This pay-for-success model guarantees that donor money will be linked to measurable increases in consumption and net assets (as a proxy for income). Upaya Social Ventures is a nonprofit impact investing firm that answers the question, “How do you help people too poor for microloans?” The answer is both easy and challenging: jobs.

Retired Attorney. In the scale-up, the outcomes fund plans to engage additional high caliber service providers like Village Enterprise and increase impact through this innovative and efficient mechanism.". How Random Number Generator Influence the Casino Gaming Outcomes. ... Katie Boland Co-Founder of Delta Fund. Technical Program Manager, Google. Village Enterprise has started over 43,000 businesses, trained over 169,000 first time entrepreneurs and positively impacted the lives of over 940,000 people. CcHUB buys Kenyan startup eLimu to launch a revamped digital education platform across Africa, Nigeria’s 54gene launches new division for clinical development services, intelligence & logistics, Nigeria’s AfricaHacks launches Start to enable you to build startups in Africa, Uber joins forces with Zindi, Flare and the World Bank to launch Ambulance Perambulation Hackathon. Village Enterprise’s program includes targeting, training, mentoring, seed capital in the form of cash grants, and saving groups. Michele Giddens, co-founder and partner at Bridges and a trustee of the Bridges Impact Foundation, said, "We've seen from our SIB investments in the U.K. that this approach drives better outcomes for vulnerable people by giving providers more freedom to innovate and tailor their program to local needs. What Is The Cheapest Food Delivery Service? Having visited their operations in Uganda, we know that their staff is committed to the kind of ongoing learning and innovation required to move the needle on a problem of this magnitude.”. If Village Enterprise successfully improves the income levels for these new business owners, outcome payers will repay up to $4.28 million based on an innovative pay-for-success structure. For this DIB, nine impact investors, including the Delta Fund, the Laidir Foundation, the Silicon Valley Social Venture Fund, the Bridges Impact Foundation and several individual investors, are providing the working capital for Village Enterprise to equip 13,800 rural Africans who currently live on less than US $1.90 a day with the resources to become successful entrepreneurs. ", Comparing this DIB to others being launched in international development, Avnish Gungadurdoss, Managing Partner of Instiglio, noted, "This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes.

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