Deadline: 15 December 2024
The Aqua for All is seeking impactful enterprises in the water, sanitation and hygiene (WASH) sector to support through Social Impact Incentives (SIINC) to help them scale in both business and impact terms.
Social Impact Incentives (SIINC) are a funding instrument that rewards impact enterprises with time limited payments for achieving pre-defined and independently verified outcomes. Enterprises can earn additional revenue and improve their profitability, which in turn helps them to attract additional investment to scale.
Social Impact Incentives (SIINC) are part of the suite of Impact-Linked Finance instruments offered by the Impact-Linked Fund for WASH (ILF) programme. SIINC has been developed by Roots of Impact in collaboration with the Swiss Agency for Development and Cooperation (SDC).
SIINC rewards selected water and sanitation enterprises with time-limited payments for achieving additional social and environmental impact. This additional revenue enables the enterprises to improve their profitability and attract investments. It therefore accelerates their scaling efforts and supports them in reaching self sustainability. Selected water and sanitation enterprises must raise repayable investment(s) (equity, debt or mezzanine, etc.)
To be eligible for receiving SIINC, impact enterprises need to raise repayable investment in parallel. The nature of the investment round can vary (e.g. equity, debt, mezzanine, etc.).
Eligibility Criteria
- Eligible enterprises must meet the following criteria:
- Be based in or actively operating in Asia, Sub-Saharan Africa or the MENA region.
- Operational for at least three years.
- Be in the process of raising a minimum investment of EUR 500,000 or have clear prospects of securing such an investment.
- Have a well-defined business model and a solid revenue model, irrespective of legal structure.
- Have achieved or have short-term plans for financial sustainability, with clear projections for break-even and profitability.
- Focus on WASH with a strong emphasis on impact for low-income communities, gender equity, and/or climate resilience.
- Have an impact measurement and management system in place, including a strategy and tools for data collection, storage, analysis, and reporting.
For more information, visit Aqua for All.
