Social Impact Bonds
7 Steps to design and deliver a Social Impact Bond (SIB):
Identify the problem you want to solve: Choose a social issue that you want to address through a SIB.
Define clear outcomes: Clearly define the outcomes that you want to achieve and make sure they are measurable.
Find partners: Identify organizations, government agencies, or individuals who are interested in solving the same problem and are willing to contribute to the SIB.
Secure funding: Find investors who are willing to fund the SIB in exchange for a return on their investment if the outcomes are achieved.
Implement the program: Work with the partner organizations to implement the program aimed at achieving the desired outcomes.
Evaluate and report results: Regularly evaluate the progress of the program and report the results to investors, partners, and stakeholders.
Pay out returns: If the desired outcomes are achieved, pay out returns to the investors, and re-invest in new SIB projects to continue solving social problems.
It's important to note that launching a SIB requires careful planning, collaboration, and a thorough understanding of the social issue being addressed.