Share Your ‘Finance Vignette’ and Get Featured in USAID’s Mobilizing Finance for Development Global Learning Series
USAID’s Private Sector Engagement Hub is excited to announce the launch of a new, online Mobilizing Finance for Development Global Learning Series in Spring 2021.
Ahead of the launch, we are seeking fresh examples (i.e. vignettes) of creative ways in which private (commercial or impact) financing has been generated to further development objectives.
Deadline to submit: March 19th, 2021.
How will the vignettes be featured?
- All relevant vignettes will be included in the Marketlinks’ Finance Wiki and/or USAID’s Finance Vignette’s Handbook.
- 3-6 vignette will be selected to be featured in a live webinar segment as part of the global learning series (i.e. Ted Talk style).
Who can submit a vignette?
We invite USAID staff, implementing partners, or anyone in the broader development or finance community to submit examples. Please note the examples do NOT need to be associated with a USAID project or activity in order to be considered.
What format should the vignette be in?
Vignettes must be limited to 400 words (although hyperlinks can be included) and should be formatted in four short sections, as per the following example:
- Challenge: In Haiti, there is a critical need for affordable housing, but few Haitian households have the savings needed to buy or build such a house. But Haitian finance providers were unwilling to extend housing loans to these moderate income Haitians. As such, most Haitians are stuck in substandard housing.
- Market-based Solution: With the realization that providing affordable housing financing at scale (sufficient to meet demand) would need to be market-led, USAID implemented the Haiti HOME project through its implementing partner WOCCU. The HOME project sought to encourage Haitian developers to build affordable housing models, while also encouraging Haitian finance providers to extend housing loans for purchase of these models. The driver of HOME was the use of a catalytic grants facility to provide incentive payments to Haitian banks and MFIs, based upon their disbursement of qualifying housing loans to targeted households.
- Private Finance Mobilized: The use of USAID’s incentive grants (a form of blended capital) encouraged finance providers and housing developers to test the waters of affordable housing finance and construction, and in doing so leveraged private capital for affordable housing at a ratio of over 8:1.
- Impact: Thus far, HOME has leveraged USD $25 million of private funds for housing related infrastructure investment and mortgage products in return for $2.9 million in incentives. HOME catalyzed 1,992 loans and 695 homes were built and/or improved, with over 3,400 people benefitting. And perhaps more importantly, provided a demonstration that lending for affordable housing could be both prudent and profitable
How do I submit a vignette?
Please use this form to submit your example by March 5th, 2021 . We will review on a rolling basis and follow-up as needed.