Track Record
We have designed over 20 impact bonds and over 10 blended finance structures reaching over 20 countries for over 100 organisations.

| ICRC Humanitarian Impact Bond (DRC, Mali, Nigeria) | |
|---|---|
| Objective: | Build and operate physical rehabilitation centers in post-conflict zones |
| Duration: | 5 years (2017–2022) |
| Funding: | CHF 26M (~USD $27M) |
| Outcomes: |
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| Stakeholders: |
ICRC Humanitarian Impact Bond (DRC, Mali, Nigeria)
Objective:
Build and operate physical rehabilitation centers in post-conflict zones
Duration:
5 years (2017–2022)
Funding:
CHF 26M (~USD $27M)
Outcomes:
- +80% efficiency increase of centers
- 3,600+ people served during bond period
- ~40,000 expected over center lifetimes
- Up to 7% IRR for investors
Stakeholders:


| Refugee Development Impact Bond (Lebanon) | |
|---|---|
| Objective: | Support refugee and host communities to build livelihoods |
| Duration: | 4 years (2021–2025) |
| Funding: | €9.8M |
| Outcomes: |
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| Stakeholders: |
Refugee Development Impact Bond (Lebanon)
Objective:
Support refugee and host communities to build livelihoods
Duration:
4 years (2021–2025)
Funding:
€9.8M
Outcomes:
- 4,380 trained individuals
- 2,560 microenterprises created
- 17% increase in household consumption
- Up to 5.1% annual return
Stakeholders:
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| Menstrual Health Development Impact Bond (Ethiopia) | |
|---|---|
| Objective: | Improve menstrual health and hygiene (MHH) for women and girls |
| Duration: | 3 years (2022–2024) |
| Funding: | €3M (outcome-based) |
| Outcomes: |
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| Stakeholders: |
Menstrual Health Development Impact Bond (Ethiopia)
Objective:
Improve menstrual health and hygiene (MHH) for women and girls
Duration:
3 years (2022–2024)
Funding:
€3M (outcome-based)
Outcomes:
- Improved mobility and MHH infrastructure
- Enhanced community knowledge
- High voucher redemption for sanitary pads
- Up to 5.1% IRR
Stakeholders:
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| Preschool Education Social Impact Bond (Uzbekistan) | |
|---|---|
| Objective: | Improve preschool enrollment and quality in urban private preschools |
| Duration: | 2 years |
| Funding: | USD $10M |
| Outcomes: |
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| Stakeholders: |
Preschool Education Social Impact Bond (Uzbekistan)
Objective:
Improve preschool enrolment and quality in urban private preschools
Duration:
2 years
Funding:
USD $10M
Outcomes:
- 14,000+ children reached across ~140 schools
- 25% from disadvantaged groups; 50% of schools in lagging regions
- Tracked enrolment, attendance, and quality standards
Stakeholders:

| Refugee Livelihoods Development Impact Bond (Middle East) | |
|---|---|
| Objective: | Support Syrian refugees and host communities with skills and business creation |
| Duration: | 4 years |
| Funding: | USD $13.5M |
| Outcomes: |
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| Stakeholders: |
Refugee Livelihoods Development Impact Bond (Middle East)
Objective:
Support Syrian refugees and host communities with skills and business creation
Duration:
4 years
Funding:
USD $13.5M
Outcomes:
- 4,400 individuals benefited (50% refugees, 80% women)
- Focused on sustainable microenterprises and increased household income
- Returns linked to post-launch business sustainability
Stakeholders:
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Family Support Development Impact Bond (Indonesia)
Objective:
Prevent parent-child separation through family strengthening services
Duration:
3 years
Funding:
In development
Outcomes:
- ~12,800 children supported; 6,400+ families empowered
- Targets reductions in child institutionalization, increased resilience, and school attendance
Stakeholders:
| Family Support Development Impact Bonds (Indonesia) | |
|---|---|
| Objective: | Prevent parent-child separation through family strengthening services |
| Duration: | 3 years |
| Funding: | In development |
| Outcomes: |
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| Stakeholders: |

















