| Instrument | Development Impact Bond, outcomes based |
| Region | Ethiopia |
| Duration | 3 years (2022 to 2024) |
| Funding | EUR 3M |
| Investor Return | Up to 5.1% IRR |
| Focus Area | Gender, health and hygiene |
The Solution
Our team designed an outcomes-based Development Impact Bond focused on menstrual health and hygiene for women and girls. Repayment to investors is linked to measured improvements in access, community knowledge and infrastructure, so capital flows only when real outcomes are delivered. Across the partners, one shared message holds the work together: blended finance can deliver dignity.
Impact Focus
- Improved mobility and menstrual health and hygiene infrastructure
- Stronger community knowledge and awareness
- High voucher redemption for sanitary pads
- Investors earned up to a 5.1% internal rate of return
Stakeholders
- Agence Française de Développement (AFD)
- BNP Paribas
- CARE





