Policy sectors: Employment and private sector development / Education
Type of instrument: Impact Bond / Payment-by-results (no pre-financing)
Delivery locations: Kenya
Country classification: Lower-middle-income
Intervention
Social or environmental challenge
"Over 8.9 million people in Kenya live in extreme poverty, and the economic climate has pushed an additional 1.4 million people into poverty. In Kenya, lack of livelihoods is inextricably linked with hunger - over half the population is food poor. This disproportionately affects children and stunts their future earning potential. Despite the robust growth witnessed in the economy in recent years, 13.4% of the labor workforce is unemployed, with 80% involved in informal work characterized by low wages, limited job security, and a lack of social benefits.
A study by the World Food Programme and Harvard found that every $1 invested in school lunches provided a 9x return in improved social outcomes. An investment in a child's nutrition and wellbeing has a lasting impact on the economic future of any country. Solving how to feed children in Africa is solving this problem for the world."
Description of the intervention
"Food for Education is catalyzing a new industry in the food economy with a blueprint for school feeding, creating thousands of new dignified jobs in the Kenyan market. Since our inception, we have created nearly 2,000 dignified, paying jobs across the school feeding value chain for Kenyans living in poverty. These jobs pay 2.5x-5x more than people would otherwise earn in the informal sector. Weâre projected to create >2,500 more jobs in the next 2 years thanks to a partnership with the Nairobi County government that will pay for all 250,000+ children in public primary schools in the county to eat daily school meals. We stimulate ~$5MM dollars annually into smallholder farmers markets to source fresh, nutritious, local ingredients from smallholder farmers; we centralize production with a team of trained staff and simplify distribution logistics using a fleet of distribution trucks and motorcycles for rural parts of Kenya.
With our partners in Nairobi County government, we will carry out early stage design for an outcomes-based financing project regarding our programâs effects on job creation and increasing dollars earned. This project will pioneer work on the more immediate positive economic and livelihoods effects of school feeding."
Location
Country:
Kenya
Locality:
Kenya
Last data update
Data for this pipeline project was last updated in May 2024
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