# Corporación Bien Público ## Basic Info **Name:** Corporación Bien Público **What is it:** A non-profit organization focused on solving social problems through education, notable for implementing Chile's first Social Impact Bond (CIS) in the education sector. **Who is involved:** Works with public and private sector stakeholders to execute "pay-for-success" models. **Location:** Chile **Link:** https://bienpublico.cl/ --- ## Entries **Bien Público** is a Chilean organization that focuses on education as a mechanism for addressing social inequalities. The organization is known for its use of financial instruments to pursue social outcomes, notably through the launch of the **"Fondo de Inversión con Impacto en Educación"** (Investment Fund with Impact in Education). This initiative represents the first **[[Social Impact Bond (CIS)]]** with public-private participation in Chile. Developed in partnership with **[LarrainVial Asset Management](https://digital.larrainvial.com/fondo-impacto-en-educacion/)**, the fund operates on a "pay-for-success" model, in which investors provide upfront capital for social interventions and receive financial returns contingent upon independent verification that pre-established metrics have been achieved. The fund's pilot phase focused on interventions in vulnerable educational contexts, with mixed results across its two main programs: - **Literacy Challenge (Reto Lectoescritura):** The intervention targeted 3,000 students from pre-kindergarten through 4th grade. According to the organization, the program met 100% of its proposed goals, with 50% of participants transitioning out of "non-reader" status. - **Attendance Challenge (Reto Asistencia):** A larger-scale intervention reaching 14,000 students across 20 schools. The program achieved an 87% payment threshold for reducing chronic absenteeism but did not meet all retention targets, resulting in early closure and subsequent redesign. These outcomes illustrate a central feature of the pay-for-success model: financial returns are tied to measurable results, which can lead to program discontinuation when targets are not met.