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This case study was produced as part of the independent evaluation of the Department for International Development's Development Impact Bond Pilot Programme

The report covers the Village Enterprise Development Impact Bond, which aims to raise the income levels of the extreme poor through Village Enterprise’s microenterprise development programme, known as a Graduation program. It seeks to equip its programme participants with the resources to create sustainable businesses. The DIB launched in late 2017, with final payment expected by mid-2021.