Village Enterprise

Date: 2018

Asset Class: Development Impact Bond - SubCommercial

Description:  Village Enterprise’s mission is to end extreme poverty in rural Africa through entrepreneurship and innovation. Their Development Impact Bond was the first pay for success bond to alleviate poverty using private funds.

Why We Invest: Through randomized control trials they have proven the effectiveness of their model of providing seed capital, a business in a box, training, mentoring and a savings program to groups of three entrepreneurs in the poorest parts of Africa to reduce poverty. This has allowed Village Enterprise to scale their operations and presents a model that other can replicate.