Our model is government-led, equity focused, and will maximize impact with a sharp focus on outcomes
HOW WE WORK IN EACH COUNTRY
1. Set objectives and commit funding
Governments lead objective setting, in partnership with EOF and local stakeholders, and commit a portion of funds. Donors with aligned priorities make additional pledges to be paid upon achievement of these objectives.
2. Set rate card and commission providers
EOF and government set metrics in line with these objectives and establish a price for each targeted outcome. Typically, education organizations bid for contracts and are selected based on a range of factors including price.
3. Invest and support
Impact investors will typically support education organizations with upfront working capital at risk and work with them to deliver results through an ‘impact bond’.
4. Deliver services and achieve outcomes
Education organizations scale their programs to achieve learning and/or employment outcomes for beneficiaries, with the flexibility to adapt and innovate.
5. Evaluate outcomes
Independent evaluators measure learning and/or employment results achieved against pre-agreed metrics (or validate administrative data).
6. Pay for the outcomes achieved
EOF pays education organizations and impact investors their principal plus a modest return, based on the outcomes achieved.
7. Build government capacity and disseminate policy lessons
Actively build government capacity to commission outcomes as well as delivery organization capacity to deliver to outcomes, and share best practices and policy lessons.