IFE Cases

Different mechanisms of innovative financing for education have been implemented in diverse contexts, with various purposes and involving many stakeholders.

The case studies here displayed explore and illustrate how these mechanisms work in practice. The cases tell the story behind the design and implementation of various mechanisms, shedding light on the financing challenges they address. The case studies fall into two different categories – short cases and in-depth case studies.

In the coming months additional case studies will be published here.

In-depth case studies

India Education Outcomes Fund

This case study showcases the design and the process of establishing a  catalytic platform, the India Education Outcome Fund (IEOF) of Social Finance India (SF-IND), aimed at providing sustainable and innovative funding at scale to deliver educational outcomes. The IEOF is still under development but readers of this case study can learn about what is involved in setting up such a  platform by understanding the issues encountered, choices made and implementation mechanisms being considered for adoption in the marketplace.

Zaya Learning Labs

Created in 2013, Zaya Learning Labs (Zaya) is an education technology (EdTech) company. Zaya’s headquarters are in Mumbai, India, where it shares office space with its sister organisation, Teach-a-Class. Zaya designs and builds mobile applications, web platforms and hardware-based systems for education organisations. It also provides advisory and consulting services related to innovation in education. With a blended learning approach, its core aim is to improve the learning outcomes of underserved populations by freeing up teachers’ time and improving access to additional learning resources. This case study examines the evolution of Zaya Learning Labs from its initial work as a non-profit organisation to its current format as a for-profit social business, focusing on how its funding has changed over time, leveraging the impact investing ecosystem.

The Skills and Knowledge for Youth (SKY) Project

The Skills and Knowledge for Youth (SKY) project is an example of results-based financing (RBF) in education, where performance-based contracts and financial incentives are used to focus service providers’ attention on quality vocational training, leading to long-term gainful employment of the beneficiaries. Accordingly, the vocational training institutions supported through the project only receive partial payments for the beneficiaries completing the training and full payment once the trainees have found steady and gainful employment (meaning earning at least the minimum wage) or have successfully established their own business. Helvetas has been implementing the SKY project since 2015 in Bahir Dar, Debretabor and Dangila Town of the Amhara National Regional State in the North-West of Ethiopia. The main aim of the SKY project is to increase employability and labour market insertion of disadvantaged youth, to create more jobs (self-employment), and to empower youth in order to escape the ‘low/no skill – no job – no income’ poverty trap.

Short case studies

Educate Girls Development Impact Bond

Global Partnership for Education – GPE Multiplier Fund

International Financing Facility for Education (IFFEd)

Girls Rising and Global Education Fund

Education Performance for Results Program in Tanzania

Education, Youth, and Employment Bond­­—Inter-American Development Bank

Lumni Income Share Agreement

Debt-for-education swaps: Cases between Spain and Latin American countries

IDP Rising Schools Program

Crowdsourcing student loans: Student financing in Kenya with Kiva and Strathmore University

Please contact us:

  1. If you would like to develop workshops or talks for education and finance professionals on innovative financing for education using IFE project material.
  2. If you would like to develop additional case studies on an innovative financing project or partner with NORRAG on additional research on the topic.
Back to top