Small bet, big outcome for UBS’ girls education development impact bond

In 2015, the UBS Optimus Foundation placed a small bet on a big idea: that nonprofit development organizations could tap private investors for working capital. Such a “development impact bond” would be repaid by a third-party payer, with interest, if the organization achieved target educational goals. The foundation made a $270,000 loan to Educate Girls, … Continue reading Small bet, big outcome for UBS’ girls education development impact bond